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Dec 2012 exam tips by Paul
Business Risk and Risk of Material Misstatement (identify and explain)
Forensic Audit
Social and Environmental KPIs and Evidence
Due Diligence
Matters and Evidence style question on FRS 10, 16, 24, 36, 37, 38, 40, 105
Ethics and Professional Issues on threats to objectivity, conflict of interest, tendering, advertising
Audit reports scenarios
Audit standards SSA 240, 250, 402, 540, 560, 720
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may i know whether this exam tips is applicable for international stream
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These are not specific tips. Be specific next time. For Eg. Q2)PRACTICE MANAGEMENT- Acceptance decision, QC on individual assignment (delegation, supervision, review). Q4)ETHICS- Conflict of interest, Gift n Hospitality, Provision of other service (Financial Self Interest, Familiarity and self review) Q1) Business Risk (transport or communication industry) and Audit Procedures on R/D or Brand(IAS 38) Q3) EVIDENCE & MATTERS IAS 16,36,37,10,8,19 IFRS 8 & 5 ISA560,22O Q5) REPORT (All pass Question)
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