Here is the summary of what the AAA December 2019 exam was all about including some recent comments made by the examiner on the performance of candidates in this sitting.
ACCA AAA Examining Team D19
Evaluate the specific business risks facing company based on information given.
Propose adjustments with client management on a summary of uncorrected misstatements which remained unresolved after the completion review of the audit had taken place.
While it is often the case in questions set at the review stage of the audit that the manager will be considering whether an accounting treatment by the client is correct and what evidence is available to support it, the information given to candidates at this point in the cycle was the auditor produced outcome of that review process.
Explain specific enquiries to be made during a due diligence assignment in order to understand the valuation and operational significance of intangible assets.
The focus here was for candidates to demonstrate an ability to understand why the intangible assets were important to the acquiring company and as a result, what the fair value might be.
There was similar focus in question 3ai from September/December 2017 sample questions.