Auditingand

Professional Ethics & Values

CPA Paper 12

03/02/2018

LEVEL II:Tests Technical Skills

OVERALL AIMTo enable the learner understand procedures involved in planning and executing audit assignments as well as developing insights into professional values, ethics and attitudes.

How Paper 12 fits within the overall structure of the

CPA Qualification

Auditing and Other Assurance Services - Paper 17

Auditing and Professional Ethics and Values – Paper 12

Importance of Paper 12 to the profession

PART I –AUDIT THEORY

PART II -PROFESSIONAL ETHICS AND VALUES

PART III -ENTREPRENEURSHIP

90% 10%

information on how the exam is structured

Section A

Nov2017

Scenario based

Apply knowledge

Relate to the question

Section B

Nov Nov 2017

Section B

Nov Nov 2017

Section C

Nov Nov 2017

Lack of knowledge

Poor exam technique

A combination of the two

Common causes of student failure of the examinations.

Common causes of student failure of the examinations.

Exam technique

• Understand the case & its requirements

Scenario

• plan your answer &• relate it to the

scenario

Plan • Points - sufficient• In-depth explanation/

analysis• Others

Answer

Sitting Pass rate

November 2017 44.98%

August 2017 48.43%

June 2017 63.97%

December 2016 72.65%

August 2016 40.89%

June 2016 68.75%

% pass Q1 Q2 Q3 Q4 Q5 Q6 Q7

Nov 2017 29.0% 74.1% 20.2% 14.4% 33.1% 67.3% 96.5%

Aug 2017 4.3% 18.2% 63.5% 57.6% 82.6% 94.6% 97.7%

Jun 2017 65.3% 25.6% 67.8% 62.2% 19.4% 93.3% 82.5%

ADVICE TO CANDIDATES

• Effectively preparation for the examination and a comprehensive coverage of the syllabus. Read and understand the study materials recommended by ICPAU to including IFAC and ICPAU Code of Ethics.

• Follow instructions as given in the question - avoid mixing up answers for different questions and failing to reference the answers appropriately.

• Attempt the required number of questions.

I wish you the very best as you prepare for exams