auditing and professional ethics & values feb students orientation... · part i – audit...
TRANSCRIPT
Auditingand
Professional Ethics & Values
CPA Paper 12
03/02/2018
LEVEL II:Tests Technical Skills
OVERALL AIMTo enable the learner understand procedures involved in planning and executing audit assignments as well as developing insights into professional values, ethics and attitudes.
How Paper 12 fits within the overall structure of the
CPA Qualification
Auditing and Other Assurance Services - Paper 17
Auditing and Professional Ethics and Values – Paper 12
Importance of Paper 12 to the profession
PART I –AUDIT THEORY
PART II -PROFESSIONAL ETHICS AND VALUES
PART III -ENTREPRENEURSHIP
90% 10%
information on how the exam is structured
Section A
Nov2017
Scenario based
Apply knowledge
Relate to the question
Section B
Nov Nov 2017
Section B
Nov Nov 2017
Section C
Nov Nov 2017
Lack of knowledge
Poor exam technique
A combination of the two
Common causes of student failure of the examinations.
Common causes of student failure of the examinations.
Exam technique
• Understand the case & its requirements
Scenario
• plan your answer &• relate it to the
scenario
Plan • Points - sufficient• In-depth explanation/
analysis• Others
Answer
Sitting Pass rate
November 2017 44.98%
August 2017 48.43%
June 2017 63.97%
December 2016 72.65%
August 2016 40.89%
June 2016 68.75%
% pass Q1 Q2 Q3 Q4 Q5 Q6 Q7
Nov 2017 29.0% 74.1% 20.2% 14.4% 33.1% 67.3% 96.5%
Aug 2017 4.3% 18.2% 63.5% 57.6% 82.6% 94.6% 97.7%
Jun 2017 65.3% 25.6% 67.8% 62.2% 19.4% 93.3% 82.5%
ADVICE TO CANDIDATES
• Effectively preparation for the examination and a comprehensive coverage of the syllabus. Read and understand the study materials recommended by ICPAU to including IFAC and ICPAU Code of Ethics.
• Follow instructions as given in the question - avoid mixing up answers for different questions and failing to reference the answers appropriately.
• Attempt the required number of questions.
I wish you the very best as you prepare for exams