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Specimen paper: Q16c Milla- audit strategy document

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Specimen paper: Q16c Milla- audit strategy document

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by Avatarboma77.
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  • November 28, 2016 at 6:23 am #352051
    Avatarboma77
    Member
    • Topics: 70
    • Replies: 97
    • ☆☆

    Dear Tutor,

    regarding the question about the strategy document, the answer provided is longer than required for the marks available. Would my answer below gain any marks:

    – The auditor should set the materiallity and performance materiallity.
    – How and who from the members of the audit team will attend inventory counts as there are 15 warehouses.
    – Assess if there will be an interim audit
    – Based on the nature of the business and assessed risk define who will be part of the member team and the time needed to perform the audit.

    November 28, 2016 at 8:20 am #352103
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10660
    • ☆☆☆☆☆

    That would certainly gain marks. It is important to mention risk assessment and how to respond to that.

    November 28, 2016 at 8:22 am #352106
    Avatarboma77
    Member
    • Topics: 70
    • Replies: 97
    • ☆☆

    Thank you very much for your quick reply and help.

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