advancedaudit and assurance reading- question skills · advancedaudit and assurance...

Advanced Audit and Assurance

Reading-

question skillsYilin Zhu

浙江财经大学

22nd Jun 2020

Main objectives

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The main objective is to …

• Understand the question verbs frequently used in the exam

• Answer the question requirments effectively

• Understand the role of auditors

Webinar agenda

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1. Essential skills areas to be successful in AAA

2. How to develop managing information

3. How to correctly interpretation the requirements

4. How to plan the answers: Priorities, structure and logic

5. How to effectively write and present

6. Guidance of the question verbs

7. Specific exemples & examiner's tips

8. Understand the role of the engagement partner and auditor

9. Next steps

1. Essential skills areas to be successful in AAA

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2. How to develop managing information

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• Managing information - how you handle the information to make the best

use of your time

• How to develop managing information

- Approach

- Active reading:

√ Focus on the requirment first, underline key verbs

√ Read the rest of question, underline and annotate important and

relevant information

3. How to correctly interpretation the requirements

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• Correct interpretation of the requirements skill

- correctly producing only what is being asked for by a requirement

• How to develop this skill

✓ Step 1 : Read the requirement

✓ Step 2 : Read the rest of the question

✓ Step 3 : Read the requirement again

4. How to plan the answers: Priorities, structure and logic

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• Answers planning

- the planning of the key aspects of an answer which accurately and

completely responds to the requirement

• How to delevop this skill

- Find your preferred style for an answer plan

- Structure (mind map or bullet-pointed lists)

- Logic

5. How to effectively write and present

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• Effective writting and presentation

- provide efficient written answers with sufficient breadth of points that

answer question, in the right depth, in the time available

• How to delevop this skill

✓ Step 1 : Use headings

✓ Step 2 : Write your answer in short, but full, sentences

✓ Step 3 : Do your calculations first and explanation second


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6.1

Understanding

the question

verbs


6.2 Specific requirment

- lower level verb : more descriptive answer, eg. define

- high level verb : more applied, critical answer,

eg. critically evaluate, discuss

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6.3 Application problems

• Identify and explain

- a explanation means more detail about the problem or factor

identified, you have to indicate why it's significant.

• Evaluate

- use frequently in the exam

- expect to see arguments for and against, or pros and cons

7. Specific exemples & examiner tips

7.1 Specific exemples

MJ19_Sample_AAAINT_QP

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7.2 Examiner's tips

• General Feedback

- Students referred extensively to the published model script

- not expect students to write like this under the time pressure

- rote learning of these answers is not helpful to pass the exam


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7.2 Examiner's tips

• General weaknesses

- Copying the examiner’s answer style

- Not using the scenario information

- Points not developed sufficiently


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7.2 Examiner's tips

• Detail improvement points

– be specific about misstatements


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7.2 Examiner's tips


– develop points fully


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7.2 Examiner's tips


– explain WHY an audit procedure is being performed (Q1b)


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7.2 Examiner's tips


– explain HOW you would test management’s assumptions (Q1b)

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9. Next stepsStep 1: Complete the AAA PT under exam condition

Step 2: Refer to suggested answer and carefully read the PT feedback report

Step 3: Join the Debriefing live webinar for PT

Step 4: Watch recorded videos to address the problems identified

Step 5: Join the final preparation live webinar 1 week prior to the exam

Please refer to https://cn.accaglobal.com/trainee/c61/free-online-course/sp-practice-videos.html for more details

https://cn.accaglobal.com/trainee/c61/free-online-course/sp-practice-videos.html

advancedaudit and assurance reading- question skills · advancedaudit and assurance...

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