This subject is relatively easy to get high score once you understand the audit risks associated with the financial information presented by an entity in its annual report, and the relevant audit processes to minimise those audit risks. The focus of the exam is to be able to use different audit strategies and procedures to achieve a reasonable assurance over the financial statements of an entity. It's important for those who are interested in joining the Big4s to take this subject, as it provides the basics for your career path as an auditor.

Anonymous, 2011