Risk based questions

I do not have the text you are referring to and even if I had I could not comment on their approach. As it states here https://opentuition.com/forum/ask-acca-tutor-forums - these forums are provided to support students studying with OpenTuition notes. I suggest you take a look at the relatively new articles written by a member of the AAA examining team https://www.accaglobal.com/ca/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles.html - part 2 concerns risk and part 4 audit procedures.

It's not a problem to reply to posts about questions and answers in the revision kits of the Approved Content Providers as these are generally past exam questions. I can also comment on examiner's approach, etc as set out in ACCA resources. These and of course all OpenTuition's resources are the things I have ready access to.

Can you please provide an example of a question you are struggling with. Mostly in AAA the requirements for audit procedures are along the lines of "Design the principal audit procedures to be used in the audit of [class or transactions/event/account balance]." This tends to be only 5/6 marks for any one thing and the requirement might give a specific assertion to address - like valuation. So it won't be open ended and you shouldn't be able to write a whole essay on it. You're looking for 5/6 sentences to make points about PRINCIPAL audit procedures. Things to consider when deciding what these are: > Which assertions are most at risk (if not specified) - is it completeness? existence? cut-off? etc > Where are you in the audit? If you're planning the year end, does it make sense to suggest tests of control? > Can you think of a relevant analytical procedure that would reduce the extent of tests of detail? > What would be the most reliable audit evidence you could still obtain that you don't yet have? > If you need to make "enquiry" about an accounting estimate - what will you have to do to back that up?