why dont try another paper? 

you already attempted 3 times incl this 1 right? if im not mistaken

sometimes, it takes greater courage to give up and start anew rather than not knowing when to give up 

i noe it's hard to choose between ur interest and faster way to pass ACCA

To be honest me and my friend thinks this time is easier than the past few sittings. But question 1 is really a killer... Hopefully the rest of the paper can cover up the deficiency in question 1 for me...

Jackson (Kolej Gemilang)

Working seniors, can I know your opinion if I only can achieve 2nd lower class for OBU is it still worth doing it?

From what I heard from a friend in 1 of the big 4s, they only accept 2nd upper and above.

With that obu did you manage to get a job at the big 4?

yep.you can do it anytime you can after u pass all the F level.You can even do it when you're taking your last 2 optional papers.I'm not sure if you can still do it after you finished all the P papers though.

like tat no point cos ACCA > OBU

p/s: good luck

Anyone taking p7? I am third attempt for coming sitting...  might to share how you guys pass ur p7? Any tips can share?  Thanks: )

The way to pass P7 is to first and foremost, know ALL your standards. all those IAS and IFRS and ISA because they will definitely test you on those. I took the time to even memorize all their designations becoz its worth 1/2 marks for that.

and then, APPLY them. Which is already a requirement for question 1, where they ask for risk identification. Try to put yourself in a real amateur auditors shoe and find even the most trivial of difficulties. Any kind of answer still counts as long as its logic! (just note that IAS 37 is the most famous standard IMHO, but now standards all revised i think?)

Any audit student should know EVERYTHING related to professional ethics so you must read up on that! study ethics to the point that whenever you just set your eyes on the first few sentences of a question, you already know what they want! I'd say ethics are always a bonus question.

P7 papers ALWAYS follow a pattern. Provided you have done a lot of exercises (i myself finished my exam kit SEVEN times) you will definitely be comfortable with whatever they throw at you. To tell you the truth, the question on Prospective Financial Information ISAE 3400 on question 2 I think, was the exact imitation of a pilot question in the exam kit! so i answered that question like a photostat machine because I've gone through it 7 times.

Textbook is your best friend. I used BPP and it was to me, complete. Everything i needed to know is in the book. so read. read. and read until you cannot tahan already. My fren said i was ridiculous for still holding onto my textbook even on the last few days before p7, but i still needed it even on the the last hour.

whatever it is, you must always do a lot of questions, get yourself an exam kit and do it until you are familiar with it. my methods might not be what they call work smart, but im more of a work hard person.

P7 Advanced Audit & Assurance (Int)
Sharing some tips to handle this paper:

1. The examiner Ms Lisa has emphasized the practicality of the paper in the context of actual practice in audit firm. Hence, students must take the audit manager / partner perspectives when analysing P7 questions.

2.It is good to re-look and be familiar with all the ISA, IAS and IFRS. Get a copy of standards and look at the requirement of each standards.

3. Apply the accounting standards that you have learnt in P2. Commonly, you need to apply, how to recognise, how to measure and how to disclose.

4. Be familiar with the audit work ie.the phases of audit from planning until finalization.

5. Common questions in P7 are:
-Matters to consider.
-Ethical and professional consideration
-Principal audit risk
-Principal audit procedures
-Business risk and Financial Statement Risk.
-Overall audit strategy
-Nature, timing and extent of audit procedures.
-Audit opinion and report.

6. Common application of IAS are: 2,12, 16, 18, 24, 37 & 38.
7. Common application of ISA are: 220, 315, 330, 420, 520, 560, 570, 580, 600,700.
8. New IFRS to be tested in near future are: IFRS10, 11, 12, 13.

can anyone share some tips on P5? what should i focus on in the last 2 wk before exam?  this is my first time attempt p5.....any useful  guidance on how to passing it??

Last sitting I attended Sheila revision class, she said state ISA 570 only will do...
How was ya preparation? Getting nervous like can't finish the syllabus on time @@

may i knw lecturers in mcorange are better or kasturi?