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Every stage we should change the study material such as Kaplan and BPP and also change the way of study.?
Hi
I watched all the videos regarding Tests but i am still confused..
So substantive test are Financial statement assertions which is Completeness, accuracy cut off and etc.
And analytical procedures/ test are compassion, level of difference, reliability etc.
I understand the content but its very confusing.Thanks
Hi
Can you please help here
So assertions are two types
1)Classes and events related to disclosure for the period of audit like salary expenses: includes-Completeness, Accuracy, Occurrence,etc
2)Account balances related to dislodge at year end like assets, liability, inventory etc
includes: COVECP completeness, accuracy etc.
Second step is to find evidence which consist of AEIOU-analytical procedure, Inquiry etc.
and these can be test of controls?
Doubts-
1)My above information is correct?
2)where do we have to apply substantive test of detail and analytical procedure?
3)Test of control and test of details is same thing?Thanks
I took my F8 few hours ago and I must say that even though I’m just seeing this piece, the no. 10 point was what I used to prepare for all the section B questions and the exam was not far off from expectation. By God’s grace, comes next 6 weeks, the result wouldn’t be far from my expectation too.
hello is there any resources available so i could tackle the stated STEP 1?? preferably in a video form?
Im an ACCA STUDENT who got first 6 papers exempted.
Any help??
I really appreciate your help thank you.@midhunh – welcome to OpenTuition forums – but this is a really old thread you are posting to and AA is not F8 and the exam has moved on considerably since it was first posted.
I recommend that you make new posts – and of course you are welcome to use the tutor forum for an answer from me https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams rather than this forum (which students might answer).
I strongly recommend that you use the Student Virtual Learning Centre https://studentvirtuallearn.accaglobal.com. Go to “Get Ready Modules”, then select AA.
There is a course you can follow in the SVLC – or you can refer to our notes/lectures and other resources on the assumed topics of Financial Accounting https://opentuition.com/acca/fa
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