P7 Advanced Audit & Assurance

P7 was OK if you stuck to your timings, according to one student. Q1 seems to have been time pressured, with students admitting to throwing away a lot of time on the question. One PQ even claimed to being a bit ‘freaked’ by the question.

Students said the exam covered the following…

Q1: Audit risks, internal audit, joint ventures and intangibles.

Q2: Development costs, investment properties and defined contributions.

Q3: Due diligence tendering and warranties.

Q4: Quality control.

Q5:Ethics and the audit report

 

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