Advanced Level Audit Risks & Tests 2015

by Aca Simplified

New revised edition updated for 2015 exams under the evolved ACA syllabus. Provides an alphabetical quick reference list of the 70 key audit test and risk areas drawn from the ICAEW Study Manual for Corporate Reporting, the ICAEW Question Bank for Corporate Reporting and the previous “old” TI paper in Business Reporting, together with recent examination papers from both the evolved Advanced Level and “old” TI level. Useful as a quick reference guide to generate reminders in the exam. Reduces the time that you will need to invest in revising Audit, which will be even more important in the new Corporate Reporting paper, given the removal of Tax from this evolved ACA paper - now 2 of the 3 questions will have a heavy or even exclusive emphasis on audit risks and tests so the importance of this book's information and quick reference approach has been further enhanced under the evolved ACA. This book removes the need for you to prepare your own folder notes on risks and tests, leaving more time to invest in other aspects of Audit or the other elements of the new Advanced Level. New feature for 2015 - we have carefully summarised the audit tests in the “Audit Focus” sections found at the end of the financial reporting chapters of the Corporate Reporting Study Manual to ensure that you have quick reference to tests which have been emphasised in the new Advanced Level materials (i.e. tests which the examiners appear keen for students to learn and mention but which are somewhat hidden away at the end of the financial reporting chapters). All such tests are now indicated in bold in the relevant pages. All 70 Audit areas are arranged in alphabetical order, allowing quick reference without having to remember which chapter to consult. Where relevant, cross references between Audit areas are also included, giving you reminders and hints. Book can also be used in preparation for Professional Level Audit & Assurance, helping you learn lists of tests for the crucial question on audit tests and procedures. For a free sample, see the Samples page at www.acasimplified.com. Look out for our Exam Room Notes for other Advanced Level papers - coming very soon!

90 pages, Paperback

First published February 26, 2015