March 8, 2017 at 11:00 am
opentuition_teamKeymasterMarch 8, 2017 at 4:55 pm
Time stressMarch 8, 2017 at 5:08 pm
Yes for me too I could not answer one 25 question 🙁March 8, 2017 at 5:14 pm
does anybody remember question 4 about risk in speed rail net? it seems i answered only point a, can’t remember other points b, c etc…March 8, 2017 at 5:23 pm
Exam felt quite fair, although there was a strong focus on risk across the questions, and less so on ethics (I picked Q’s 3 +4).
Managed to complete all the questions – but did find myself constantly checking my time to do so!
Feeling quite good about it so will have to wait and see now!March 8, 2017 at 5:25 pm
I choose Q 2 and 3
I have just realised that I possibly not answer what was asked
very dissapointedMarch 8, 2017 at 5:26 pm
I feel as it was more about internal control and audit
also ethics was in q 2March 8, 2017 at 5:27 pm
Starting with section B was a bad idea. I was under too much time pressure for section A but I made sure to do part D first as it had the most marks then I done the part with the next most marks and wrote very little for the 6 or 8 makes questions that remained after that.March 8, 2017 at 5:30 pm
Q2 I wrote about ethical decision making instead as asked about ethical behaviour 🙁March 8, 2017 at 5:30 pm
My fellow Question 2ers what did you write for ethical roles and responsibility of auditors/accountants and their influence.
I took it as meaning Integrity, Objectivity, Confidentiality, Competence and Professional Behaviour.March 8, 2017 at 5:33 pm
Yes this is rightMarch 8, 2017 at 5:34 pm
In Q2 i think he was asking about ethical threats to independence which more related to professional Code of EthicsMarch 8, 2017 at 5:36 pm
Q2 overall was related to application of Professional Code of Ethics i think not Ethical Decision Making… Does anyone agreeMarch 8, 2017 at 5:37 pm
yes , i thing also Corporate code of ethicsMarch 8, 2017 at 5:41 pm
What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….March 8, 2017 at 5:41 pm
Yeah it was surely the code of ethics.
And independence threats Self Review, Self Interest, etc.
Then there was a question on ethical safeguards which was okay.
Q2 was by far the easiest on the paper.March 8, 2017 at 5:43 pm
In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.March 8, 2017 at 5:45 pm
What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….
Yeah there were a few Risks (Reputation, Health and safety, etc) and you were right to discuss them in context. For ALARP I gave a brief definition and then said that they could reduce a few risks using it. I.e. they could reduce health and safety risk down to a lower probability by keeping up to date with weather forecasts and making sure no journeys take place when the weather is forecast to be that bad.March 8, 2017 at 5:46 pm
In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.
I think it all related to this technical article a lot of the question did http://www.accaglobal.com/ie/en/student/exam-support-resources/professional-exams-study-resources/p1/technical-articles/coso-enterprise-risk-management-framework-part-1.htmlMarch 8, 2017 at 5:48 pm
i guess i have written almost same as you … but at end i lost the track but feels good to hear wasnt that bad …that im thinkingMarch 8, 2017 at 5:50 pm
i thought about COSO 8 stage model but they were only 5marks which was very less for this model to be applied he said how they managed Business and Financial risk so associated with the TARA framework giving definitions of risks as well at the end.March 8, 2017 at 5:57 pm
Did anyone else think Question 2 was more like an F8 question? I felt you could answer the majority of it with F8 knowledge and frameworks?March 8, 2017 at 5:58 pm
Yes you couldMarch 8, 2017 at 5:58 pm
I think they were asking about safeguards in entity and safeguards individualyMarch 8, 2017 at 6:00 pm
i think focus was more on Individual on Audit partner
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