AAA Technical Article Podcast: Planning Questions and Risk скачать в хорошем качестве

AAA Technical Article Podcast: Planning Questions and Risk

🎯 Struggling to score marks in AAA Section A risk questions? Let’s fix that. In the AAA exam, business risk and RoMM evaluation is a high-scoring area — if you know how to do it properly. 👀 Here’s what examiners want to see: ✔️ Identification of significant business risks — not just what’s already happened ✔️ Tailored evaluations, not generic lists ✔️ Clear link between the risk ➝ potential misstatement ➝ audit response ✔️ Application of professional scepticism, judgement and commercial acumen 💡 AAA Tip: A business risk becomes a RoMM if it affects the financial statements. But only significant risks get the marks — those with high likelihood or impact. Examples include: • 🚨 Data breaches that damage reputation (and maybe bank covenants) • 📉 Pressure on earnings targets that may lead to biased estimates • 🤝 New acquisitions where goodwill valuation is subjective ✅ To score professional marks: Use the WHAT ➝ WHY ➝ IMPLICATION approach. Example: 🔹 What: Management hasn’t disclosed a regulatory breach. 🔹 Why: They want to avoid fines and maintain KPIs. 🔹 Implication: May lead to misstated liabilities and affect going concern. 📘 And remember: Evaluate the scale of risk Consider controls mentioned in the scenario Don’t assume worst-case outcomes unless justified Apply ISA 315 for RoMM and ISA 240 for fraud-related risks Get structured video lessons, examiner-aligned question practice, and Mock exams: https://www.learnsignal.com/acca #ACCA #ACCAAAA #AuditRisk #BusinessRisk #RoMM #AuditPlanning #AuditStrategy #ProfessionalScepticism #learnsignal #ACCAExamTips