4 tips to pass ACCA AAA paper

Are you planning to sit for AAA?

Are you nervous that the pass rate for AAA is so low?

Ya, the pass rate is low because it’s a tough paper

It is a professional-level paper, and therefore the standards for passing are high.

But it is NOT an impossible paper to pass.

You just need the RIGHT SKILLS. So how do you get the required SKILLS?

FIRST, make sure you cover the required syllabus for AAA.

This includes 34 ISAs and ISQC 1.

Knowledge is CRUCIAL to understanding what the examiner is trying to test.

Without adequate knowledge, the scenario is just one long story.

But with adequate knowledge of the auditing standards, you can see clearly where the examiner is headed.

With adequate knowledge, you will be able to understand the context surrounding the issues.

With adequate knowledge, you will be able to pick out the issues.

With adequate knowledge, you will be able to write pertinent answers.

You could get this knowledge by attending AAA classes or using updated study material from any reputable provider.

SECOND, make sure you know the required accounting standards & accounting treatment of FS items.

So hopefully you will have cleared P2 / SBR by the time you attempt AAA.

You need to know the rules on

Recognition, Measurement, Presentation & Disclosure

THIRD, you need to know EXAM TECHNIQUE.

Exam technique is crucial for writing out a PROFESSIONAL ANSWER within the LIMITED TIME given you in the exam.

There are a few exam question types that regularly appear in the AAA exam. Like

- Audit risk / ROMM

- Business risks

- Audit procedures

- Ethical & professional issues

- Matters & Evidence

- Matters to discuss with management

- Impact on audit report

- Quality Control questions

- Further action

FOURTH, you need to PRACTICE exam standard questions to ensure you know how to use the exam techniques to your advantage. The revision program is focused on exam question practice.

I have developed the ACCA AAA Conditional Pass Guarantee Program to help students achieve the required pass by incorporating these strategies.

Always looking out for you to WIN

Sheila

Tutor for AAA @ Ardent Learning Hub

Whatsapp me at https://api.whatsapp.com/send?phone=60162016114 or email me at [email protected] for more details        

Download the free ebook?https://beacon.by/pass-acca-audit/preparing-to-pass-the-acca-advanced-audit-assurance-paper

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