ACCA Audit & Assurance (AA) Exam Tips June 2019 session given below are just intelligent guesses from exam point of view provided by famous tuition providers. These exam tips must not be relied on totally. To increase chances of success in Exams you must prepare full breadth of syllabus and topics.
ACCA AA Exam Tips June 2019:
ACCA AA Exam Tips June 2019 Session is given below by famous tuition providers
Part A: MCQ’s will be from any syllabus area.
Part B: Some of the frequently tested areas in the past were
Ethics / Conflict of Interest / Confidentiality / Audit committees
Audit risks and responses
Cash, inventory, purchases (including tests of control)
Purchases, revenue, Payroll
Limited assurance engagements
Auditor rights and duties
Fraud and error
Components of an internal control system
Inherent limitations of internal control
Risk assessment procedures
Financial statement assertions (Ratios)
You must learn the ISAs – not the numbers, but the objectives and key provisions of each ISA. Nearly 30% of the last exam was testing pure rote-learned knowledge.
The examiner wants QUALITY not QUANTITY – sometimes gives 1.5 marks for a well-explained point.
Look at the past exams – many of the model answers were in columnar format. Long windy paragraphs are not an option. Stay to the point and straightforward.
Time allocation is as important in this exam as it is in the others – 1.8 minutes per mark.