2. EXAMINER’S APPROACH: P 7, Advanced Audit and Assurance

3. WHERE THE PAPER FITS?

4. Professional Level (7 papers in total) Essentials (3 papers) Options (2 from 4 papers) P4 Advanced Financial Management (AFM) P5 Advanced Performance Management (APM) P6 Advanced Taxation (ATX) P7 Advanced Audit and Assurance (AAA) Fundamentals 9 papers in total

5. LINKS TO OTHER PARTS OF THE QUALIFICATION?

6. P2P2 F8F8 PER

7. OVERALL CONCEPT?

8. P 7 CONTENT?

9. DAudit of historical financial information ARegulatory Environment BProfessional and Ethical Considerations CPractice Management EOther assignments F Reporting GCurrent Issues and Developments

10. EXAM STRUCTURE?

11. +15 mins 3 hours Discursive

12. Two questionsTwo from three questions Case studiesShorter scenarios Across syllabus (Several parts) Professional Level – P7 Section ASection B

13. EXAM FEATURES?

14. Style? Ethics? Rule of And? Cognitive level? Professional marks?

15. EXAM TIPS

16. Key strategy Key areas

17. Tip 2 - Think about the requirement! Tip 1 - Question practice! Tip 3 - Read examiner’s articles!

18. EXAM PITFALLS

19. Pitfall 2 - Answers too brief for marks available Pitfall 1 - Lack of application of knowledge Pitfall 3 - Not answering specific question requirements

20. Examiners’ reports Exam Review Board

21. TO CONCLUDE

22. Think! Read! Answer!