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P7 ASSERTIONS

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › P7 ASSERTIONS

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by Avatarleebickle.
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  • February 23, 2016 at 10:06 pm #301762
    Avatarleebickle
    Member
    • Topics: 22
    • Replies: 6
    • ☆

    Hi Sir,

    I am struggling with getting the hang of audit procedures questions.

    Could you help me in regards to laying out the answer for the various transactions in the exam which could be tested for procedures. I know that assets / liabilities / and transactions have been tested.

    Should I first start by writing down the audit assertions that relate to assets or transaction balances (whatever is tested) and then from that think of audit procedures that will satisfy the various assertions such as completeness, existence etc.

    Will the question requirement give me any indication into what assertions I will need to relate my answer to?

    Thanks for your time

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