Free past exam questions of ACCA F8 Audit and Assurance

Hello to everyone!

Preparing for an exam ACCA F8 Audit and Assurance (Int) I found the video with analysis and resolving past papers exam.

The lecturer Low Chin Ann - Kolej Bandar, Citypro (www.acca2u.com)  writes by hand the answers of questions in the answer sheets. This may be a very good example for students who are needed in time management in exam. This video helps to get the skill of fast navigation into the task and to present the answers clearly and precisely.

Low Chin Ann gives the recommendations about how many to write to gain more marks on exam.

Free video of ACCA F8 revision

Useful mnemonics for ACCA F8 Audit and Assurance

Preparing for exams, I have noticed that there are an enormous amount of new information to memorize. My mind explodes. How to improve the memorizing? Mnemonics is an answer. Many of lecturers on Opentuition use this technique to improve the memorizing of their students.

Art of memory was very important in preliterate times when priests, shamans and the teller had to memorize vast amounts of information. The first texts about Mnemonics were written by the ancient Greeks. In the Renaissance, the knowledge was especially valued, so the ability to keep the knowledge in mind was the key to success. Giordano Bruno has published a book on mnemonics "The shadows of ideas." He was invited by the French King Henry IV, who tried to find out - how he had so much knowledge) And in our time interest in mnemonics is not waned.

I have collected some mnemonics to memorize the information of ACCA F8 Audit and Assurance and ACCA P1 Governance, ethics and risks.

Financial statements assertions
ACCA COVER

Accuracy
Completeness
Cut off
Allocation

Classification and understandibility
Occurence
Valuation
Existance
Rights and obligations

Sources of evidence
AEIOU

Решение задач по аудиту ACCA F8 Pilot Paper Q2

Второе задание по аудиту "стоит" 10 марок и должно быть выполнено за 1,8*10 = 18 минут. Традиционно во втором задании необходимо показать теоретические знания.

Question 2 part a)

State SIX items that could be included in engagement letter. (3 marks, 1,8*3 = 5minutes, 0.5 mark per point)

- objective of an audit of financial statements
- management's responsibilities for the financial statements
- the scope of an audit with reference to appropriate legislation
- the auditor may not discover all material errors
- the form of a report of the results of engagement
- basic fee and billing arrangement

Question 2 part b)

State and briefly explain four types of audit evidence that can be obtained by auditor (4 marks, 1,8*4= 7 minutes, 0.5 mark for stating the type and 0.5 mark for explanation).

AEIOU