today paper too lenghty,

This topic has 7 replies, 3 voices, and was last updated 6 years ago by rogman228.

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September 3, 2018 at 2:34 pm #470972
zubairhira
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Q1 didnt have marks allocation so didnt know how much to write.was there only ROMMs to write.Ethics and professional were asked in two questions?hoping too pass but very lengthy.
September 3, 2018 at 4:11 pm #470983
Billy
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a. Audit risk: 24
b. Audit procedure for GW: 8
c. Evaluation if audit strategy of component Auditor: 8
d. EPI: 6
Professional mark: 4
September 3, 2018 at 4:13 pm #470984
Billy
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I think it is auditor’s new client, so u can talk about
1. detection risk and possible misstatement in opening balance.
2. Also, the group is LISTED, so there is management bias as revenue falls but OPM increased.
September 3, 2018 at 4:27 pm #470991
zubairhira
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were the marks were stated in the question.As i couldnt see it
September 3, 2018 at 4:35 pm #470998
zubairhira
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i think question only asked about ROMM rather than business Risks.
September 3, 2018 at 4:36 pm #471000
zubairhira
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6 marks were ratio calculations and 2 marks in materiality overall
September 3, 2018 at 4:37 pm #471004
zubairhira
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how much needed to write for these questions
September 3, 2018 at 6:10 pm #471100
rogman228
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I spent 20 minutes reading Q1 and highlighting as much as possible as I was reading. Then gave myself 1.5 minutes per mark to lift what I highlighted into answer form for each question.
Spent an hour and a half on it.
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