Corporate Governance - ACCA Audit and Assurance (AA)
YouTube video
87 Comments
A
Aditya·
Great explanation!
L
Leslie·
I guess what I am trying to understand now is the difference between the OECD Principles and that of the UK Corporate Governance code.
Am I right in thinking that the OECD principles is similar to that of the UK corporate Governance code?
M
mrjonbainModerator·
I think to a large extent the UK Corporate Governance code is the UK's attempt to implement the OECD's principles. The UK code applies to listed companies and the general approach taken is they have to comply with the code or explain any deviations from the code.
W
Wisdom·
What can I do to download the lecturer videos?
G
Goodfellow·
i cant see the lecture video
A
ahmed·
thank you sir ...
M
meetz·
Are this notes also applicable for sept 2021 exams?
K
KimTutor·
There are no changes for this topic. Updated notes and lectures will be available after next week's exams. See also this post https://opentuition.com/topic/syllabus-changes-sep-2021. Please use the ask the tutor forum for questions - this space is for comments.
M
Manoj·
Great lecture, thank you very much.
K
KimTutor·
Please do not make multiple posts - see response here https://opentuition.com/acca/aa/what-is-assurance-acca-audit-and-assurance-aa/comment-page-4/#comment-73139
Please use the appropriate forum if you require a response - under each lecture is a space for comment - not to ask a question.
A
Adesemoye sola·
And can I use just your notes,lectures and bpp past questions to pass this paper?
A
Adesemoye sola·
Can I use these notes to prepare for my December exams?
K
KimTutor·
I have already responded to your post here https://opentuition.com/acca/aa/what-is-assurance-acca-audit-and-assurance-aa/comment-page-4/#comment-73139
K
Karabo·
Greetings Sir,
My question is who in particular consists of the Nomination Committee that appoints new directors, and how many members are usually in the committee?
K
KimTutor·
To have more than 50% (majority) independent NEDs would be minimum of 3 but only 2 for a smaller company (both would then need to be independent NEDs).
K
Karabo·
Well noted and thank you Sir.
K
KimTutor·
You are welcome - if you have queries rather than comments please use the ask the tutor forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams to ensure you get a timely response.
S
sommerflogge·
Hello, thank you so much for the material. I would like to ask whether these videos and the respective notes are valid for the September 2020 exams? Thanks!
K
KimTutor·
Yes - please refer to the post "Changes from June 2020 to September 2020 ACCA exams" which you will find at the top of all the ACCA forums for further details.
S
sommerflogge·
Many thanks!
T
Thuy·
Sir,
So to be balance in voting's right of the board, We need to have an even number of total members. 50% is executive directors and 50% is non-executive directors and chairman is one of these non-executive directors. is my understanding correct? or we need to exclude the chairman?
K
KimTutor·
Per the Code "At least half the board, excluding the chair, should be NEDs ... ."
So yes the chair is excluded but no - balance does not mean 50:50 - balance can be weighted towards NEDs.
The Code is not prescriptive about the chair's voting because that would depend on the jurisdiction - e.g. in ENG law it is common for the company's articles to provide that the chair has a casting vote in the event of a tie.
T
Thuy·
Thank you Sir for the lecture and the explanation. Its really useful for me.
C
Chandni·
are they any changes for march 2020 exam
K
KimTutor·
This lecture is consistent with the March-June 2020 notes.
The next syllabus/exam doc change will be not be effective until September 2020.
E
Elina·
Hello, could you please confirm when Corporate Governance lecture will be updated.
Thank you
S
Sherwin·
same
M
Mano·
I think opentuition HAS been UPDATING their content whenever necessary.
D
dilini·
Hi the lecture notes seems to have a different content to the lecture slides, please advice witch one is more accurate.
K
KimTutor·
Please go by the content of the notes which have been updated for the new CG Code. There will be a new lecture later in the autumn. If you have any questions about this topic in the meantime - please use the tutor forum.
E
Elina·
Hello, please could you confirm when Corporate Governance lecture will be updated?
Thank you
K
KimTutor·
This page is for comments on corporate governance in AA.
Please see the relevant page for PM resources here https://opentuition.com/acca/pm/ - you will also see on that page a link the the Ask the Tutor (PM) forum.
D
dilini·
Hi the lecture notes seems to have a different content to the lecture slides, please advice witch one is more accurate.
J
jayeetam·
Hi Sir, Is there any recent lectures for June 2019 PM exam? Thanks a lot.
Regards,
Jayeeta
S
sunny20·
Hi Ken,
In liaison external auditors, Audit Committee act as forum link directors/Auditors,Deal with Auditor's reversation, obtain information for Auditors. Are "Auditors" here external auditors?
Many thanks in advance
K
kengarrettTutor·
Yes.
S
sunny20·
Hi Ken,
How do I make clearly that which chapter is talking about external auditor, which chapter is talking abount internal auditor?
Many thanks in advance
K
kengarrettTutor·
Hardly any chapters talk about internal audit. Exterternal audit is very much what this paper is about. Unless IA specifically mentioned, assume we are talking about external audit.
O
Opeyemi·
Hi Sir,
Who appoints NON-executive Directors?
K
kengarrettTutor·
Ultimately, shareholders at the AGM.
I
idnoblity123·
Hello,
Thank you for the lecture.
i am preparing for June 2018 diet can i still use this lecture notes. Are they sufficient enough or i have to still use other material.
This is my first time taking F8, please do i need any special way to study to be successful at first attempt.
K
kengarrettTutor·
Youbhave to buy a question bank to give lots of practice. With that, many people find our notes and lectures sufficient.
R
Rajvir·
Sir,
Can you please help me understand who decides the remuneration for non executive directors?
Also it would be of great help if you could give me some tips for knowledge based questions as memorising each concept is difficult.
Thank you in advance.
K
kengarrettTutor·
1 Executive directors decide on remuneration of NEDs.
2 Make summary notes and lists. Practice and self-test. No magic solution I fear.
J
Jan·
Hi I am retaking F8 after failing by 3 marks in March !! are there any changes to the syllabus since then thanks Jan
K
kengarrettTutor·
No changes.
Z
zshan·
Hello sir i want to appear for paper f8 in Dec 2017 exam are these lectures still useful for coming exams
S
Simone·
are these lectures valid for March 2018?
O
opentuition_teamAdmin·
Yes they are
S
sajjad·
are these lectures valid for december 2017?
K
kengarrettTutor·
Yes.
B
Beverley·
Good afternoon,
Are the lectures and notes valid for september 2017 exam?
K
kengarrettTutor·
Yes, they are.
K
kursley·
Hello, can't download chapters 2 , 11, 16, 22 and 28. Is there another link for same?
Thanks
R
RANIA·
I think all non executive directors are elected by shareholders in the AGM and the board determines their fees in accordance with the corporate governance.
B
bajanstudent·
can i use these videos and lecture notes to prepare for june 2017 exams?
K
kengarrettTutor·
Yes.
F
femispks·
can I use these lectures to prepare for September exams?
K
kengarrettTutor·
Yes.
Y
ygkky·
Dear Sir,
Are these lectures still valid for March 2017 exam?
Regards,
K
kengarrettTutor·
Yes
F
farzeen·
wonderful video and explanation :)
thank u sir
A
Adele·
Hi I'm just wondering if all of your lectures are valid for a December sitting? I do home study with Kaplan books but find your lectures and notes much easier to understand but just want to ensure I am listening to the correct information for the December sitting. Many thanks
K
kengarrettTutor·
Valid for Dec 2016.
H
hasan uddin·
hello sir
i like to know that if a scenario based Que? comes in exam on corporate governance and asked us to tell "are the corporate governance code have been met in this Que? or not", so what code would be the best to explain it (OECS , UK code)
G
Godfrey·
Are these lectures valid for the December exams
G
Godfrey·
Are these lectures valid for the December exams.
S
Sri Harish Sai·
Good afternoon sir,
In the exam, is there a possibility of being asked to reproduce a full audit report with the proper proforma and other aspects of an original audit report?
K
kengarrettTutor·
Not a full audit report - there simply isn't time to produce one. You might be given one and be asked to criticise it or be asked to suggest a suitable audit opinion.
D
dave0811·
Dear Sir, I would like to know if your lectures is still valid for September 2016 Exams as I want to do F8 AUDIT AND ASSURANCE in September 2016. I was watching your lectures and I am quite impressed by the good quality of your lectures. Everything you explain in your lectures are well presented and structured in a clear and logical manner which make this paper very easy for students doing it. Also it will so great if you can give revision lectures as this will make students score very good marks and will be very motivating for us students and also for you. I will appreciate if you can tell me whether or not your lectures is still valid for september 2016 and also the change in format of Exams for paper F8 and how to tackle them.It willbe a real pleasure for me to follow your lectures. Thank you sir for your lectures.
K
kengarrettTutor·
Avoid Chapter 5 (Audit reports for now as this will change substantially for September 2016. An update will soon be available on the site.
The rest is OK.
R
Rachel·
Has an updated version of chapter 5 been uploaded??
I
ik007·
thanks for best explanation.
J
javid·
Hi sir...very well explained ..is it possible to examine in exam a full theory questions on corporate governance or only scenario based questions.. thanks for your kindess in advance
M
madiha·
im wondering the same
K
kengarrettTutor·
Could be either. Have a look at June 2014 Q4 (b).
S
smchongo·
On point and clear explanations.
A
aneela sadaf·
it was really nice clear and things explained are very simple and logical
N
ninakozareva·
Well structured and presented lecture, Thank you!
J
jameskamau·
Nice lecture.
A
asharp·
Thanks for the lecture - nice and clear.
C
Cliff·
whats the difference between explain & describe
K
kengarrettTutor·
I would suggest none when it comes to answering a question.
K
kengarrettTutor·
Remuneration = pay = salary + bonus
A
aliimranacca007·
why there is no practice exam question for F8 paper
K
kengarrettTutor·
There are practice exams for the objective test part of the paper:
Am I right in thinking that the OECD principles is similar to that of the UK corporate Governance code?
Please use the appropriate forum if you require a response - under each lecture is a space for comment - not to ask a question.
My question is who in particular consists of the Nomination Committee that appoints new directors, and how many members are usually in the committee?
So to be balance in voting's right of the board, We need to have an even number of total members. 50% is executive directors and 50% is non-executive directors and chairman is one of these non-executive directors. is my understanding correct? or we need to exclude the chairman?
So yes the chair is excluded but no - balance does not mean 50:50 - balance can be weighted towards NEDs.
The Code is not prescriptive about the chair's voting because that would depend on the jurisdiction - e.g. in ENG law it is common for the company's articles to provide that the chair has a casting vote in the event of a tie.
The next syllabus/exam doc change will be not be effective until September 2020.
Thank you
Thank you
Please see the relevant page for PM resources here https://opentuition.com/acca/pm/ - you will also see on that page a link the the Ask the Tutor (PM) forum.
Regards,
Jayeeta
In liaison external auditors, Audit Committee act as forum link directors/Auditors,Deal with Auditor's reversation, obtain information for Auditors. Are "Auditors" here external auditors?
Many thanks in advance
How do I make clearly that which chapter is talking about external auditor, which chapter is talking abount internal auditor?
Many thanks in advance
Who appoints NON-executive Directors?
Thank you for the lecture.
i am preparing for June 2018 diet can i still use this lecture notes. Are they sufficient enough or i have to still use other material.
This is my first time taking F8, please do i need any special way to study to be successful at first attempt.
Can you please help me understand who decides the remuneration for non executive directors?
Also it would be of great help if you could give me some tips for knowledge based questions as memorising each concept is difficult.
Thank you in advance.
2 Make summary notes and lists. Practice and self-test. No magic solution I fear.
Are the lectures and notes valid for september 2017 exam?
Thanks
Are these lectures still valid for March 2017 exam?
Regards,
thank u sir
i like to know that if a scenario based Que? comes in exam on corporate governance and asked us to tell "are the corporate governance code have been met in this Que? or not", so what code would be the best to explain it (OECS , UK code)
In the exam, is there a possibility of being asked to reproduce a full audit report with the proper proforma and other aspects of an original audit report?
The rest is OK.
https://opentuition.com/acca/f8/f8-revision-mock-exam/