Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › ACCA Paper AA exam was – June 2021 Exam – Instant Poll and comments
- This topic has 26 replies, 18 voices, and was last updated 3 years ago by Kim Smith.
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- June 7, 2021 at 10:30 am #623593June 7, 2021 at 4:51 pm #623706
What was on it?
June 7, 2021 at 5:13 pm #623713Quite lengthy……you can’t attempt it all. Time just flew. I did objectives first, and by the time I was finishing my first 30 mark scenario I had only 30 minutes left. My issue is I like to read the scenario, imagine it in real life and then think of all the possible answers….in short I am Sloooowww. Good practice though. A quick look at scenario questions….these were not tough…only if I could attempt these ?
June 7, 2021 at 5:16 pm #62371530 mark on controls
Substantive procedures for payables, receivables, inventory, legal claimsSome theoretical questions related to audit strategy and audit planning.
June 7, 2021 at 5:39 pm #623722Exam went well. Ended up with an hour to check over my answers.
I find attempting the lengthy questions first asthe best approach so most time is spent on them e.g. 30 mark first then one 20 and then multi choice then final 20 marker and read over.
Make sure to read rhe question first so you know what you are looking for before reading the scenario and highlight those that relate to the question.
Typical questions of documents description and advantage, substantive procedures on trade payables/accruals, inventory valuation, legal claim.
Audit risk & audit response, internal controls to rely on & test of control, control defencies & recommendations, audit planning qs.
Read through previous exam answers as typcial answers crop up and was very helpful!
June 7, 2021 at 5:42 pm #623725I found the exam ok, a few tricky area cropped up on the risk question but my main issue was timing though, ran out of time on the last 20 mark question!
June 7, 2021 at 5:44 pm #623728I had exact same problem. Ran out of time couldn’t finish the exam. I did the multiple choice in 30 mins which I thought was okay but then the long questions came. All the scenario were soooo long!!?
June 7, 2021 at 6:42 pm #623738Thought the multiple choice questions were tricky at the start.
Finished with a little time to spare.
Think I fell down a bit on the audit strategy and audit planning question and the final one regarding the legal issue and the implications to the audit report, other than that not to bad and hopefully enough to scrape the pass.June 7, 2021 at 7:28 pm #623746It was ok, but lengthy. Questions were similar to previous exams papers, doing past papers would help. Time management was essential. I calculated time to be spent on each question (like 1.8minutes*30marks) and after 54 minutes have passed, just moved to another question. It helped to finish all questions.
In first part was question to calculate correct wages for the year, it was just 2 marks, but looked complicated and lengthy, so I used calculated guess and moved on, it also saved some time for easy marks in section B.
Hope for 50 marks ))June 7, 2021 at 7:32 pm #623748I thought that calculation was quite tricky. So moved on. I went back to it at the end and managed to get a calculation that matched an answer think I answered the top one for that
June 7, 2021 at 8:19 pm #623757Paper was very fine and all questions in section B were familiar if you did practise on response to Audit risks, defficiencies in internal control and substantive procedures. However i was nervous at first attempt and surely didnt give my best to section A but hopefully i will reach the Shore
June 7, 2021 at 8:33 pm #623766Hi All can you please give me just a hint on what was the section A questions consists of and what were the Section B main requirements
My exam wasn’t conducted due to technical error and it is next week it would be of great help if you can just put the answers of Section A.June 7, 2021 at 10:11 pm #623785It was lengthy and difficult in parts but overall was definitely passable. Hopefully done enough to pass.
June 8, 2021 at 5:18 am #623807Hey can you please
NBhinder wrote:30 mark on controls
Substantive procedures for payables, receivables, inventory, legal claimsHey can you please brief more on Section A questions which were tricky and which were easy this will help me as my exam is shifted to 14June 2021 because of some technical issues.
June 8, 2021 at 8:25 am #623829I think section a & b are just randomly generated from a question bank so you probably wouldn’t get the same questions or maybe one or two the same. You should be careful asking about it though as I know there are admins who looks for people talking about the exams as it could help people potential cheat. Good luck 🙂
June 8, 2021 at 9:57 am #623860Topics:
1)OECD + advices on composition of board.
2) Wages, salary questions such as: choose procedure for completeness, calculation and others dont actually remember
3) Going Concern – some tricky formulations in questions. Impact on Audit report when MU exests…– Audit Risks, Controls over purchase&payables;
– Substantive procedures over Inventory valuation, Revaluation made by independent valuer, Completeness over Payables and Accruals, Expenses;
– Identify 3 Ethical threats and response to them;
– Difference btw External and Inteernal auditors;
– List of 4 procedures: And need to explain reasons whether it would be useful to do these procedures in Interim stage;
– And tipicall question with situation to assess impact on Audit Report.June 9, 2021 at 7:01 am #624073@parthwadhwa007 – you should practice all available questions using the many resources available to you through ACCA’s wesbsite and OpenTuition platform. Next week’s questions will be drawn from a different selection of questions so your pursuit here for “hints” is futile.
As emily1001 says you should be extremely careful – ACCA has many admin processes (automated and manual) not only on-the-day but in review processes before the release of results that will detect misconduct or unethical practices.
June 9, 2021 at 7:59 am #624078JohnAcceek wrote:Topics:
1)OECD + advices on composition of board.<br>2) Wages, salary questions such as: choose procedure for completeness, calculation and others dont actually remember<br>3) Going Concern – some tricky formulations in questions. Impact on Audit report when MU exests…i ‘ve had the same questions. the scenarios were long indeed but overall the exam was passable. unfortunately i didn’t get much time to prepare for this exam.
June 10, 2021 at 9:37 pm #624560Hey Kim,
Hope you are doing well!
I know anyhow the question will not be the same also I have practiced 2018-2020 past year practice papers, I was just asking the questions for a reference similiar to past year paper not breaching any code of conduct.
Also, I myself opted for 7th June exam unfortunately there were some technical glitches because of which I was not able to attempt my exam hopefully this time it won’t be the case.June 12, 2021 at 10:36 am #624990what were the substantives asked and was there any audit opinion/audit report questions? Pls do comment If you guys can recollect what all topics/questions were asked
June 14, 2021 at 5:06 pm #625278Hey anyone know whats the calculation of wages and salaries calculation answer
1. 8.4m
2. 8.3m
3. 8.6m
4. 8.8mJune 15, 2021 at 1:52 pm #625334parthwadhwa007 wrote:Hey anyone know whats the calculation of wages and salaries calculation answer
1. 8.4m<br>2. 8.3m<br>3. 8.6m<br>4. 8.8mI am really curious about that…I randomly chose the first one.
June 15, 2021 at 8:13 pm #625360Same bro…
I mean how can we evenly distribute 20 new employee across a year.?June 16, 2021 at 9:09 am #625394The wages calculation I think their answers were wrong. I chose the closest to mine.
Time was a problem and the OBJ was sneaky and tricky.
Looking forward to the best as well and onto the next! Cheers everyone.
June 16, 2021 at 9:32 am #6254078.4 was the closest to my calculation. The new employees were distributed evenly across the year… so 1.6666 each month.
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