Empfohlen
Weitere ähnliche Inhalte
Ähnlich wie ACCA Audit P7 class 1
Ähnlich wie ACCA Audit P7 class 1 (20)
Mehr von Richard Clarke Academy
Mehr von Richard Clarke Academy (20)
Kürzlich hochgeladen
Kürzlich hochgeladen (20)
ACCA Audit P7 class 1
- 1. P7
- 2. P7 • Senior Audit team member
- 3. P7 • Senior Audit team member • Advisory / Consultancy role
- 4. P7 • Senior Audit team member • Advisory / Consultancy role • Real life scenarios
- 5. P7 • Senior Audit team member • Advisory / Consultancy role • Real life scenarios • Application of knowledge
- 6. P7 • Senior Audit team member • Advisory / Consultancy role • Real life scenarios • Application of knowledge • Practical & Commercial decisions
- 7. P7 - Syllabus Section A - Regulatory Environment
- 8. P7 - Syllabus Section A - Regulatory Environment • Money Laundering
- 9. P7 - Syllabus Section A - Regulatory Environment • Money Laundering • REgulations
- 10. P7 - Syllabus Section B - Ethics
- 11. P7 - Syllabus Section B - Ethics • Important
- 12. P7 - Syllabus Section B - Ethics • Important • Apply to scenario
- 13. P7 - Syllabus Section B - Ethics • Important • Apply to scenario • fraud
- 14. P7 - Syllabus Section C - Practice Management
- 15. P7 - Syllabus Section C - Practice Management • Commercial & Business head
- 16. P7 - Syllabus Section C - Practice Management • Commercial & Business head • Tenders / advertising
- 17. P7 - Syllabus Section C - Practice Management • Commercial & Business head • Tenders / advertising • acceptance of clients
- 18. P7 - Syllabus Section C - Practice Management • Commercial & Business head • Tenders / advertising • acceptance of clients • Monitoring
- 19. P7 - Syllabus Section D - Audit of Historic Info
- 20. P7 - Syllabus Section D - Audit of Historic Info • Audit processes
- 21. P7 - Syllabus Section D - Audit of Historic Info • Audit processes • In every exam
- 22. P7 - Syllabus Section D - Audit of Historic Info • Audit processes • In every exam • Planning to gathering evidence
- 23. P7 - Syllabus Section D - Audit of Historic Info • Audit processes • In every exam • Planning to gathering evidence • Review
- 24. P7 - Syllabus Section E - Other Assignments
- 25. P7 - Syllabus Section E - Other Assignments • Of prospective information
- 26. P7 - Syllabus Section E - Other Assignments • Of prospective information • outsourcing
- 27. P7 - Syllabus Section E - Other Assignments • Of prospective information • outsourcing • forensic audits
- 28. P7 - Syllabus Section E - Other Assignments • Of prospective information • outsourcing • forensic audits • impact of these on external audit
- 29. P7 - Syllabus Section F - Reporting
- 30. P7 - Syllabus Section F - Reporting • conclude on work performed
- 31. P7 - Syllabus Section F - Reporting • conclude on work performed • communicate opinion
- 32. P7 - Syllabus Section G - Current Developments
- 33. P7 - Syllabus Section G - Current Developments • not tested in isolation
- 34. P7 - Syllabus Section G - Current Developments • not tested in isolation • impact on assignment
- 35. The Exam
- 36. The Exam • Section A: 2 Case Studies (50 - 70 marks)
- 37. The Exam • Section A: 2 Case Studies (50 - 70 marks) • Covers many syllabus areas
- 38. The Exam • Section A: 2 Case Studies (50 - 70 marks) • Covers many syllabus areas • Section B: 2 from 3 shorter scenario questions
- 39. The Exam • Section A: 2 Case Studies (50 - 70 marks) • Covers many syllabus areas • Section B: 2 from 3 shorter scenario questions • More focussed on one area
- 40. The Exam
- 41. The Exam • Key Features
- 42. The Exam • Key Features • Scenario based (application!)
- 43. The Exam • Key Features • Scenario based (application!) • Professional Marks
- 44. The Exam • Key Features • Scenario based (application!) • Professional Marks • Structure, tone, persuasiveness
- 46. • Failing to answer the actual question requirements • Discussing too few points • Identifying points but failing to expand on them • Lack of knowledge on certain syllabus areas • Illegible handwriting and inadequate presentation
- 48. • Answer the actual requirements • Discuss many points • expand on them • Know all syllabus areas •Write nicely with lots of gaps
- 49. Get the Knowledge Know your P2 stuff Apply to scenario!
- 51. Markets
- 52. Markets
- 53. Markets Confidence
- 54. Markets Confidence
- 55. Markets Confidence Reduce Risk
- 56. Markets Confidence Reduce Risk
- 57. Markets Assurance Confidence Reduce Risk
- 58. Markets Assurance Confidence Reduce Risk
- 59. Want Markets Assurance Confidence Reduce Risk
- 60. Want Markets Need Assurance Confidence Reduce Risk
- 61. Want Markets Need Seek Assurance Confidence Reduce Risk
- 62. Markets Need Seek Want Assurance Confidence Reduce Risk
- 63. Markets Seek Want Assurance Confidence Need Reduce Risk
- 64. Markets Want Assurance Confidence Need Seek Reduce Risk
- 65. Markets Want Assurance Assurance Confidence Virtuous Circle Need Seek Reduce Risk
- 67. Failure
- 68. Failure
- 69. Failure Less Confidence
- 70. Failure Less Confidence
- 71. Failure Less Confidence More Risk
- 72. Failure Less Confidence More Risk
- 73. Failure Increased Less Regulation Confidence More Risk
- 74. Failure Increased Less Regulation Confidence More Risk
- 75. Failure Increased Regulation Less Confidence Regulation Vicious Circle More Risk
- 77. Co rp or ate Self - Regulation Fa ilu re s
- 78. Co rp Gl or ob ate ali Self - Regulation sa Fa tio ilu n re s
- 79. Co rp Gl or ob ate ali Self - Regulation sa Fa tio ilu n re s IFAC cant impose ISAs globally
- 80. Co rp Gl or ob ate ali Self - Regulation sa Fa tio ilu n re s IFAC cant impose ISAs globally Locally adapted ISAs
- 81. Co rp Gl or ob ate ali Self - Regulation sa Fa tio ilu n re s IFAC cant impose ISAs globally Locally adapted ISAs Clarity Project
- 82. Corporate Governance Audit Committees
- 83. Corporate Governance Audit Committees Helps Public Confidence
- 84. Corporate Governance Audit Committees Helps Public Confidence Helps Directors with FR
- 85. Corporate Governance Audit Committees Helps Public Confidence Helps Directors with FR Helps keep external audit independent
- 86. Corporate Governance Independent, NEDs Audit Committees Helps Public Confidence Helps Directors with FR Helps keep external audit independent
- 87. Corporate Governance Audit Committees
- 88. Corporate Governance Audit Committees Review IC
- 89. Corporate Governance Audit Committees Review IC Review IA
- 90. Corporate Governance Audit Committees Review IC Review IA Review accounts
- 91. Corporate Governance Audit Committees Review IC Review IA Review accounts Recommend Auditors
- 92. Corporate Governance Audit Committees Review IC Review IA Review accounts Recommend Auditors Ensure Compliance
- 93. Money Laundering
- 94. Money Laundering Concealing true origin of illegal proceeds
- 95. Money Laundering Concealing true origin of illegal proceeds Financial action task force
- 96. Money Laundering Concealing true origin of illegal proceeds Financial action task force Make money laundering a criminal offence
- 97. Money Laundering Concealing true origin of illegal proceeds Financial action task force Make money laundering a criminal offence Customer due diligence
- 98. Money Laundering Concealing true origin of illegal proceeds Financial action task force Make money laundering a criminal offence Customer due diligence Record Keeping
- 99. Money Laundering Concealing true origin of illegal proceeds Financial action task force Make money laundering a criminal offence Customer due diligence Record Keeping Suspicious transactions reported
- 100. Money Laundering Concealing true origin of illegal proceeds Financial action task force Make money laundering a criminal offence Customer due diligence Record Keeping Suspicious transactions reported International Cooperation
- 101. Money Laundering Offences
- 102. Money Laundering Offences Disguising criminal property
- 103. Money Laundering Offences Disguising criminal property Acquiring criminal property
- 104. Money Laundering Offences Disguising criminal property Acquiring criminal property Tipping off
- 105. Money Laundering Offences Disguising criminal property Acquiring criminal property Tipping off No procedures
- 106. Money Laundering Offences Disguising criminal property Acquiring criminal property Tipping off No procedures Not following procedures
- 107. Money Laundering Offences Disguising criminal property Tax evasion Acquiring criminal property cash Tipping off No procedures Not following procedures
- 108. Money Laundering Offences Disguising criminal property Tax evasion Cash saved from notcriminal property Acquiring cash complying with regulations Tipping off No procedures Not following procedures
- 109. Money Laundering & ETHICS
- 110. Money Laundering & ETHICS Client confidentiality v Legal responsibility
- 111. Money Laundering & ETHICS Client confidentiality v Legal responsibility No breach of professional duty to report in good faith
- 112. Money Laundering & ETHICS Client confidentiality v Legal responsibility No breach of professional duty to report in good faith Statutory protection given too
- 113. Procedures recommended by FATF
- 114. Procedures recommended by FATF Identifying customers
- 115. Procedures recommended by FATF Identifying customers Good record keeping
- 116. Procedures recommended by FATF Identifying customers Good record keeping Reporting suspicious transactions
- 117. Procedures recommended by FATF Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO
- 118. Procedures recommended by FATF Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO Training
- 119. Procedures recommended by FATF Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 120. Procedures recommended by FATF No high risk ones Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 121. Procedures recommended by FATF Full name and address (people) No high risk ones Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 122. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customers Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 123. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding (trusts) Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 124. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Of above (trusts) Good record keeping Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 125. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Of all Of above (trusts) Good record keeping transactions Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 126. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Of all Of above (trusts) Good record keeping suspicious activity transactions reports Reporting suspicious transactions Appointing MLRO Training Internal controls reducing risk
- 127. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Of all Of above (trusts) Good record keeping suspicious activity transactions reports cash big Reporting suspicious transactions deposits Appointing MLRO Training Internal controls reducing risk
- 128. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Of all Of above (trusts) Good record keeping suspicious activity transactions reports cash big Reporting suspicious transactions deposits Freq. exch into diff currencies Appointing MLRO Training Internal controls reducing risk
- 129. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits reason currencies Appointing MLRO Training Internal controls reducing risk
- 130. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits Senior - reports to a regulatory agency reason currencies Appointing MLRO Training Internal controls reducing risk
- 131. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits Senior - reports to a regulatory agency reason currencies Appointing MLRO Sole practitioners exempt Training Internal controls reducing risk
- 132. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits Senior - reports to a regulatory agency reason currencies Appointing MLRO Sole practitioners exempt Communicate all regulations Training Internal controls reducing risk
- 133. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits Senior - reports to a regulatory agency reason currencies Appointing MLRO Sole practitioners exempt Communicate all regulations Training How to recognise & deal Internal controls reducing risk
- 134. Procedures recommended by FATF Full name and address (people) No high risk ones Certificate of incorp (business) Identifying customersOrigin of funding Overseas t/ns Of all Of above (trusts) transactionsGood record keeping suspicious activity no reports cash big clear business Reporting suspicious transactions Freq. exch into diff deposits Senior - reports to a regulatory agency reason currencies Appointing MLRO Sole practitioners exempt Communicate all regulations Training How to recognise & deal Internal controls reducing risk Tested periodically
- 136. Placement
- 137. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement
- 138. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement
- 139. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement Layering
- 140. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement Layering disguise the source and ownership of the funds by creating complex layers of transactions
- 141. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement Layering disguise the source and ownership of the funds by creating complex layers of transactions
- 142. introduction of cash acquired through illegal activities into the business is known as ‘placement’. Placement Layering disguise the source and ownership of the funds by creating complex layers of transactions Integration
- 143. Compliance with laws and regulations in an audit of financial statements: ISA 250
- 144. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should:
- 145. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance
- 146. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance
- 147. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance
- 148. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance Audit procedures to help identify non- compliance:
- 149. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance Audit procedures to help identify non- compliance: - Ask management about compliance
- 150. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance Audit procedures to help identify non- compliance: - Ask management about compliance - inspect any authority correspondence
- 151. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance Audit procedures to help identify non- compliance: - Ask management about compliance - inspect any authority correspondence Get management written representations that all (suspected) non-compliance has been disclosed
- 152. Compliance with laws and regulations in an audit of financial statements: ISA 250 The auditor should: Understand the regulatory framework and the entity’s compliance obtain sufficient evidence of compliance Audit procedures to help identify non- compliance: - Ask management about compliance - inspect any authority correspondence Get management written representations that all (suspected) non-compliance has been disclosed Document (suspected) non-compliance and discussions with management and/or other parties.
- 153. Action if (suspected) non-compliance
- 154. Action if (suspected) non-compliance Understand its nature and circumstances
- 155. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS
- 156. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS
- 157. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS For suspected non-compliance, discuss with management. If compliance is not proved, take legal advice.
- 158. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS For suspected non-compliance, discuss with management. If compliance is not proved, take legal advice. If insufficient evidence re suspected non-compliance, consider impact on the audit report (“limitation on scope”)
- 159. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS For suspected non-compliance, discuss with management. If compliance is not proved, take legal advice. If insufficient evidence re suspected non-compliance, consider impact on the audit report (“limitation on scope”) Does it impact on other areas of the audit (eg overall risk assessment)
- 160. Action if (suspected) non-compliance Understand its nature and circumstances Evaluate its possible effect on the FS For suspected non-compliance, discuss with management. If compliance is not proved, take legal advice. If insufficient evidence re suspected non-compliance, consider impact on the audit report (“limitation on scope”) Does it impact on other areas of the audit (eg overall risk assessment) Consider who to report it to - those charged with governance and/ or shareholders and/or to authorities.
Hinweis der Redaktion
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n
- \n