EXAMINER’S APPROACH:

P7, Advanced Audit and Assurance

WHERE THE PAPER FITS?

Professional Level(7 papers in total)

Essentials (3 papers)

Options (2 from 4 papers)P4 Advanced Financial Management (AFM)

P5 Advanced Performance Management (APM)

P6 Advanced Taxation (ATX)

P7 Advanced Audit and Assurance (AAA)

Fundamentals9 papers in total

LINKS TO OTHER PARTS OF THE

QUALIFICATION?

P2

F8

PER

OVERALL CONCEPT?

P7 CONTENT?

D Audit of historical financial information

A Regulatory Environment

B Professional and Ethical Considerations

C Practice Management

E Other assignments

F ReportingG Current Issues and Developments

EXAM STRUCTURE?

+15 mins

3 hours

Discursive

Two questions Two from three questions

Case studies Shorter scenarios

Across syllabus

(Several parts)

Professional Level – P7

Section A Section B

EXAM FEATURES?

Style?Ethics?

Rule of And?

Cognitive level?

Professional marks?

EXAM TIPS

Key strategy Key areas

Tip 2 - Think about the requirement!

Tip 1 - Question practice!

Tip 3 - Read examiner’s articles!

EXAM PITFALLS

Pitfall 2 - Answers too brief for marks available

Pitfall 1 - Lack of application of knowledge

Pitfall 3 - Not answering specific question requirements

Examiners’ reportsExam

ReviewBoard

TO CONCLUDE

Think!

Read!

Answer!