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reading book twice is enough or not and how many questions should b done before exam actually dere r so many procedures and cant learn every plz guide
You’ve read the study text? Twice?!!!!! You are certainly a hero ( ine? )
Get into past exam questions, but do NOT be put off by the excessive length of the printed solutions. As a generalisation, the printed solutions to any exam written question are outrageously long and in no way indicative of the length of answer you could aspire to in the allocated time.
As an exercise, try copying one answer from the printed texts. I believe that you would struggle to complete the copying process within the allocated time – and that’s without thinking, planning, re-reading, struggling to find additional things to say which could earn you a mark.
Lower your sights and develop a methodology whereby you can read, think, plan, re-read, re-think, extend your plan, structure your answer and then write – all within the allotted time of “number of marks x 1.8?
Audit evidence? Something which exists and which helps an auditor to reach an opinion about an accounting assertion. Replies from receivables are audit evidence which help to confirm existence, valuation, completeness
Audit procedure? “Carry out a circularisation of receivables”
Procedures are the steps you take to gather audit evidence
Audit evidence is what you have collected as a result of carrying out audit procedures
Yeeeessss – but there again, everything is important for P7 ( and P1….and P2…..and probably for all the other papers which I don’t teach )
have a look at some past exams and draw your own conclusions. A knowledge of what’s going on in the World of auditing cannot be detrimental to your well-being. Just because it’s not asked in an exam doesn’t mean that you’re wasting your time knowing it
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