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Post your comments about December 2011 F8 exam.
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Q1 – Payroll / Law & Compliance / Internal Audit
Q2 – Internal Control / Audit Report
Q3 – Audit Risk
Q4 – Corporate Governance
Q5 – Events After Reporting Period / Provisions- Topics: 0
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running out of time…but still cover all the question…hopefully i can get a pass…preparing for tomorrow f9…T.T
toooooooooooo much lengthy paper..i thnk one who completely solve the paper will probably pass..
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This F8 paper was ok to me. And I sort of predicted audit of payroll/wages would appear as this new examiner has not set any audit qn on this yet. So overall was abit lengthy but yet not too tricky for most parts.
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quite easy..hoping for a pass..
Quite a nice and easy paper! No unexpected and tricky bits , only substantive testing , no even test of controls! 🙂 First time i felt that it’s bad to know too much 😀
Thanks alot to opentuition! 🙂
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can any1 of u plz tell me the ans of ques no 2 (b)?
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Indeed it was a hell lengthy paper, couldnt attempt last 15 marks, out of time, paper was ok,
Pami Bahl is a great examiner, i like her style of questions..very easy to understand with clear instructions!
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ok ok ppr :(… last attempts i cud predict whether i wud fail/pass or expect a pass and then fail but now its all a big doubt …no expectations at tall :(( Too lengthy… and yes she was in love with Substantive Procedures as it was all way through and i hope she is merciful towards F8 students .. Open Tuition tips did help a bit… Thanks .. Now F9 to struggle with ..
Q1:
a)
(i) Payroll – Possible implications of the already identified deficiencies and recommendations to overcome it
(ii) Payroll charge – Substantive procedure
b) Auditors & managements towards law and regulation compliance
c) Provision – Substantive procedure
d) Reliance on internal Audit by external AuditQ2)
(i) Elements of Internal Control system
(ii) Elements of unmodified reportQ3)
(i) The components of audit risks with example
(ii) Identify audit risks in the scenario & Auditor’s response towards themQ4)
(i) Corporate Governance & importance
(ii) Weakness in scenario’s corporate governance and recommendationQ5)
(i) Subsequent events – Substantive procedures for: Year end date to auditor’s report date & Auditor’s report date to FS date
(ii) Receivables / Law suit / Warehouse – if FS to be amended, audit procedures to overcome the amendment, effect on report if no action taken..It’s all i could remember after 2 hrs after the paper …
i remember the questions more than what to answer.. LOL - Topics: 0
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Very lenghty paper didnt answer 8 pc of the marks which is not so bad. Not a terribly difficult paper but not so easy either
As with all the exams again a lengthy paper subdivided into a lot of small questions. Not very difficult but a lot to digest and write about…. Explain and describe in most of them. There wasn’t any straightforward “List” questions????
Hope for the best.Hi, paper was lengthy but less tricky, just one thing in Q5 Contingent Liability, I managed to complete it though but it will depend on the quality of answers, my guess to score is 70 but lets see, I think pass rate will be lower from last time (40%)…
@dalal.abdulla said:
ok ok ppr :(… last attempts i cud predict whether i wud fail/pass or expect a pass and then fail but now its all a big doubt …no expectations at tall :(( Too lengthy… and yes she was in love with Substantive Procedures as it was all way through and i hope she is merciful towards F8 students .. Open Tuition tips did help a bit… Thanks .. Now F9 to struggle with ..Q1:
a)
(i) Payroll – Possible implications of the already identified deficiencies and recommendations to overcome it
(ii) Payroll charge – Substantive procedure
b) Auditors & managements towards law and regulation compliance
c) Provision – Substantive procedure
d) Reliance on internal Audit by external AuditQ2)
(i) Elements of Internal Control system
(ii) Elements of unmodified reportQ3)
(i) The components of audit risks with example
(ii) Identify audit risks in the scenario & Auditor’s response towards themQ4)
(i) Corporate Governance & importance
(ii) Weakness in scenario’s corporate governance and recommendationQ5)
(i) Subsequent events – Substantive procedures for: Year end date to auditor’s report date & Auditor’s report date to FS date
(ii) Receivables / Law suit / Warehouse – if FS to be amended, audit procedures to overcome the amendment, effect on report if no action taken..It’s all i could remember after 2 hrs after the paper …
i remember the questions more than what to answer.. LOL
You have good memory…. spot on. Do you remember the marks by any chance?
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did not mention a qestion when a auditors should disclose confidential information
@petrochina said:
did not mention a qestion when a auditors should disclose confidential informationYes you are correct – I think that was Q3 to explain Obligatory and Voluntary Disclosures of information.
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