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what sort of questions were asked in the f8 paper?
my papers are finished and i need to know the level of f8 audit.All previous exams are on ACCA web-site:
https://www.accaglobal.com/en/student/acca-qual-student-journey/qual-resource/acca-qualification/f8/past-exam-papers/international-stream.htmlStructure is always the same – 1st scenario-based 30 marks (find dificiencies and offer controls + test them), 2nd knowledge based 10 marks (e.g. methods of sampling in Jun2012), 3rd-5th 20 marks each, covering all syllabus (Jun2012 – ethical threats, external auditor, audit committee, assertions, working papers and management letter structure, audit report draft, going concern problems).
In F8 they always try to cover all the syllabus, so you should know anyway the assertions, components of internal control, corp.governance principles, sampling types, audit stages, audit risk definition and formula, audit report structure, understand the nature and logic of internal control, understand the methods of substantive audit over payables/receivables, inventory, fixed assets, cash.
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