ACCA F8 Key Examinable Areas for December 2014
NOTE:-
These tips should only be used in conjunction with proper studying. We cannot guarantee that these topics will appear in the actual exam as we have not seen the exam papers.
Examiners are not predictable so it is vital that all core syllabus areas are revised fully.
The tips are based on Kaplan’s experience and understanding of the ACCA exams and will help focus your last minute revision.
Please also read all the Examiner’s Articles –available on the ACCA Global website.
Audit Framework:
Ethics / confidentiality / Audit committees
Internal Audit:
Direct assistance by internal audit for external audit Planning and Risk:
Audit risks and responses
Internal Control:
Cash, inventory, purchases (including tests of control)
Audit Evidence:
Purchases, revenue, inventory
Completion & reporting :
Written representations (ISA 580), Subsequent events (ISA 560), and Auditor’s reports
Specific standards/topics:
Limited assurance engagements
Expectation gap
Auditor rights and duties
Benefits / limitations of audits Engagement letters (ISA 210) Fraud and error (ISA 240)
Laws and regulations (ISA 250)
Components of an internal control system (ISA 315)
Inherent limitations of internal control Risk assessment procedures (ISA 315)
Auditing accounting estimates (ISA 540) Financial statement assertions
NOTE:-
These tips should only be used in conjunction with proper studying. We cannot guarantee that these topics will appear in the actual exam as we have not seen the exam papers.
Examiners are not predictable so it is vital that all core syllabus areas are revised fully.
The tips are based on Kaplan’s experience and understanding of the ACCA exams and will help focus your last minute revision.
Please also read all the Examiner’s Articles –available on the ACCA Global website.
Audit Framework:
Ethics / confidentiality / Audit committees
Internal Audit:
Direct assistance by internal audit for external audit Planning and Risk:
Audit risks and responses
Internal Control:
Cash, inventory, purchases (including tests of control)
Audit Evidence:
Purchases, revenue, inventory
Completion & reporting :
Written representations (ISA 580), Subsequent events (ISA 560), and Auditor’s reports
Specific standards/topics:
Limited assurance engagements
Expectation gap
Auditor rights and duties
Benefits / limitations of audits Engagement letters (ISA 210) Fraud and error (ISA 240)
Laws and regulations (ISA 250)
Components of an internal control system (ISA 315)
Inherent limitations of internal control Risk assessment procedures (ISA 315)
Auditing accounting estimates (ISA 540) Financial statement assertions
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