ACCA P7 Exam Tips June 2016 by OpenTuition
Usual question 1 – an email from a partner asking for your response and concerning a forthcoming audit where the partner has had a preliminary meeting that has revealed a number of accounting and auditing issues. Those issues could very likely involve various risks and the categorization of those risks. In addition, there could well be ethical matters to be brought in as well as professional considerations

As question 2, coming out of left field, I like the idea of the need for, and identification of, appropriate procedures instituted by companies for the protection of their employees from the threats caused by bribery

Questions 3, 4 and 5 could be based on any or all of recent articles from Student Accountant. These include:

Professional Scepticism
Using the Work of Internal Auditors (last exam was reliance on an expert)
Staying on the right side of Ethics
Answering questions involving Accounting Issues
Also, again a flyer, auditing the financial statements of a farm bringing in IAS 41 Agriculture matters

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