The course
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Start here
Section A: three 10-mark cases of five two-mark objective test questions; Section B: one 30-mark and two 20-mark constructed response questions; 3 hours plus 10 minutes to read the instructions; pass mark 50%
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Audit framework and regulation: section A
Section A cases can cover any area; Section B questions may include ethics, governance or quality management requirements
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Planning and risk assessment: section B
Section A cases, and Section B questions, which predominantly examine planning and risk assessment, internal control or audit evidence
Accepting an engagement, engagement letters and professional scepticism8 questions, 1 caseFree: Audit risk and materiality11 questions, 1 caseUnderstanding the entity and analytical procedures9 questions, 1 caseFraud, laws and regulations7 questionsAudit strategy, interim audits and documentation8 questions - 4
Internal control: section C
Section A cases, and Section B questions on deficiencies, recommendations and tests of controls
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Audit evidence: section D
Section A cases, and Section B questions on substantive procedures for specific items
Assertions, audit procedures and sampling13 questionsAuditing receivables, revenue and inventory11 questions, 1 caseAuditing payables, accruals, bank and cash9 questions, 2 casesAuditing non-current assets, liabilities, provisions and equity10 questions, 1 caseAutomated tools, the work of others and not-for-profit audits8 questions - 6
Review and reporting: section E
Section A cases, and Section B questions that may include going concern, subsequent events or the auditor's report
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Section B practice
7 constructed response questions of 20 and 30 marks: figures checked, written parts read by Mia.
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Timed practice exams
Section A of the exam on the clock, 30 marks in 54 minutes: 3 cases of 5 two-mark questions. Then Section B's 3 written questions on the desk, read by Mia.