Success in your ACCA exams is achieved by being able to apply technical knowledge to exam scenarios. Exam practice is therefore crucial and helps improve your exam technique. Our ‘Question Practice Sessions’ will provide you with the right tool to practice exam questions and succeed in your exam. Our Tutors help improve students’ performance by explaining complex topics, plotting where a student needs to practice and guiding them through those challenging areas.

During the ‘Question Practice Sessions’, we aim to:

• Develop students’ exam technique by setting plenty of real past exam questions in class using the exam kit;
• Debrief questions carefully so that we build confidence by showing the many easy and achievable marks in the questions.
• The selection of questions which will be covered during these sessions ensure good coverage of all of the key topics so as to reassure students that they can pass the exam if they fully understand these topics and use good exam technique.
• Limited number of seats available within lectures to ensure individual attention, a supportive environment which enhances the strengths and tackles students’ weaknesses and to encourage students to raise any queries during the sessions.

The Advanced Audit and Assurance ‘Question Practice Sessions’ are discussion based whereby we focus on the syllabus fundamentals including:

• Risk assessment, planning, designing audit procedures and ethical considerations;
• Completion and reporting; and
• Scenario based questions.

During these sessions:

• Reference is made to new standards and other complex audit areas;
• Exam tips and gaining easy marks is an ongoing discussion including tips on how to study/ gaining past paper experience.
• Discussions are held on current events more specifically on the impact of Covid-19 on financial reporting and audit planning, subsequent events disclosures, going concern considerations and other similar important and relevant topics.
• The majority of the time is allocated to past paper questions with particular focus on risk assessment and planning an audit (including identifying and evaluation of business and audit risks relevant to different scenarios).
• Past papers are read and discussed in class – discussion/ brain storming sessions are held in order to keep students engaged along the programme.

Mock Exam

Students can now enrol for the Mock Exam which can better aid in learning how to apply knowledge to exam questions. Mock exams are attempted under exam conditions and corrected by our expert tutors. The corrected script is thereby returned to the student in order to establish the areas of a subject they mostly succeeded in and work on areas where improvement is needed.

Kindly refer to the ‘Schedule’ tab to view the upcoming timetables

Exam Syllabus:

The syllabus is assessed by a three hour 15 minutes Computer Based Examination.

The examination is constructed in two sections. Questions in both sections will be largely discursive. However, candidates will be expected, for example, to be able to assess materiality and calculate relevant ratios where appropriate.

Section A

Section A will comprise a Case Study, worth 50 marks, set at the planning stage of the audit, for a single company, a group of companies or potentially several audit clients. Candidates will be provided with detailed information, which will vary between examinations, but is likely to include extracts of financial information, strategic, operational and other relevant financial information for a client business, as well as extracts from audit working papers, including results of analytical procedures.

Candidates will be required to address a range of requirements, predominantly from syllabus sections A, B, C and D, thereby tackling a real world situation where candidates may have to address a range of issues simultaneously in relation to planning, risk assessment, evidence gathering and ethical and professional considerations. Please note that other syllabus areas, excluding E, may also be drawn on as part of the Case Study.

Four professional marks will be available in Section A and will be awarded based on the level of professionalism with which a candidate’s answer is presented, including the structure and clarity of the answer provided.

Section B

Section B will contain two compulsory 25 mark questions, with each being predominately based around a short scenario.

One question will always predominantly come from syllabus section E, and consequently candidates should be prepared to answer a question relating to completion, review and reporting.

There are a number of formats this question could adopt, including, but not limited to, requiring candidates to assess going concern, the impact of subsequent events, evaluating identified misstatements and the corresponding effect on the auditor’s report.

Candidates may also be asked to critique an auditor’s report or evaluate the matters to be included in a report which is to be provided to management or those charged with governance. The other Section B question can be drawn from any other syllabus section, including A, B, C, D and F.

Quality control and ethics

The auditor’s assessment of effective quality control procedures and consideration of ethical issue are fundamental to all stages of the audit and therefore these concepts could be examined in any section of the exam.

Current issues

Syllabus section G on current issues may be examined in Section A or B as appropriate. Current issues is unlikely to form the basis of any question on its own but instead will be incorporated into the Case Study or either of the Section B questions dependent on question content and the topical issues affecting the profession at the time of writing.

Exam resources: Click Here to view Exam Resources

Syllabus and Study Guide: Click Here to view Syllabus and Study Guide