when the qtn asks to write the other assignmnts can an internal audit depratment can take up, i do know all the fcntions like value for money, fraud and complaince, customer compliance etc... but should we also take examples from the scenario given and write rather than just explaining the functions generally?
Ask the Tutor ACCA AA
assignmnts of internal audit department
1d ago#1For ANY AA Q requirement - you should ALWAYS use the scenario unless it is clear that requirement is "knowledge-based".
A typical knowledge-based example:
(a) Define audit risk and the components of audit risk.
Note: You do not need to refer to the scenario to answer this requirement.
But most requirements will demand attention to the scenario:
(d)(i) Describe SUBSTANTIVE ANALYTICAL procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to Albatross Co's revenue;
1d ago#2Most knowledge will be tested in Section A - you should not expect there to be more than 4 marks (say) for knowledge in Section B.
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