Day: April 1, 2021

 Exam focus   This syllabus area is only relevant to students sitting the International variant of the syllabus. The concepts covered in this    are very similar to the concepts covered in the    on social and environmental    .   1      Public Read More …

Exam focus   Social and environmental     has been examined several times in past exams. Any part of the engagement process could be examined from acceptance through to    . You may also be asked to give examples of performance measures and Read More …

Exam focus   The field of forensic accounting is a specialist branch of the profession carried out by forensic accountants encompassing forensic auditing and investigation.   Forensic engagements require a much broader range of skills than other typical non-audit engagements. Read More …

Due diligence   Due diligence is a fact finding exercise and is usually conducted to reduce the risk of poor investment decisions.   Purpose of due diligence   An advisor is engaged by the acquirer of a company to gather Read More …

Exam focus   Examination of projections and forecasts feature regularly in the exam. This is usually in the context of supporting a loan application, or as part of a going concern assessment for an audit. As the transactions haven’t happened Read More …

In many countries, listed companies are required to publish a half-yearly interim report containing a summarised statement of profit or loss for the first six months of the financial year as well as certain statement of financial position information and Read More …

Exam focus   There will usually be one question in the exam that will test your ability to apply your knowledge to a non-audit engagement. The question could cover any area of the engagement process – acceptance, planning, procedures or Read More …

Exam focus   One of the questions in the exam will focus on completion and reporting. may be examined in several ways. You may be asked to:   Describe the implications for the auditor’s report if issues identified during the Read More …

Exam focus   One of the questions in the exam will focus on completion, review and reporting. Recent events may result in adjustments to the financial statements. Information that has recently been made available might need to be included in Read More …

Exam focus   More than one question in the exam is likely to feature a requirement to design relevant audit or assurance procedures. It is essential that you understand the principles of audit     and can apply this knowledge to the Read More …