Acid
30-05-08, 11:11 PM
Hi all,
As exams are coming closer now , Make sure that you go with all the stuff required for exams and make sure that you try to rote learn as many audit procedures and objectives of internal controls , control weaknesses , and risks and the procedures that should be in place to prevent the risk . I have a feeling looking at the past papers analysis that this time there is a chance of Sales , Inventory and Receveiable being examined.
So its your chance to rote learn them and UNDERSTAND as well , try making mind maps and it would help.
I am sure that no examiner or tutor would give you this advice as they say that dont rote learn audit procedures ! but for many reasons after taking into account experience of passed F8 fellow I think we should follow this advice!
After all we dont have enough time to deeply plan audit procedures in exams , do we ? :nah:
Best wishes to all F8 BIT members and everyone .
As exams are coming closer now , Make sure that you go with all the stuff required for exams and make sure that you try to rote learn as many audit procedures and objectives of internal controls , control weaknesses , and risks and the procedures that should be in place to prevent the risk . I have a feeling looking at the past papers analysis that this time there is a chance of Sales , Inventory and Receveiable being examined.
So its your chance to rote learn them and UNDERSTAND as well , try making mind maps and it would help.
I am sure that no examiner or tutor would give you this advice as they say that dont rote learn audit procedures ! but for many reasons after taking into account experience of passed F8 fellow I think we should follow this advice!
After all we dont have enough time to deeply plan audit procedures in exams , do we ? :nah:
Best wishes to all F8 BIT members and everyone .