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Understood. thanks john.

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June 2013 Q2 the examiner has used the Nominal value to Estimate the percentage gain on a share

December 2012 Q3 the examiner has used the MV of the bond to Estimate the percentage gain on a share

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igra Co proposes to pay for the acquisition using one of the following three methods:

Method 3

An offer of a 2% coupon bond in exchange for 16 Dentro Co’s shares. The bond will be redeemed in three years at its par value of $100.

sir i have seen that examiner has used different approaches when it comes to dealing bond offer. which is correct to use the MV and the nominal value. this question is flow up to the above one

thanks

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Thank u very much for the clarification

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Clear now. thanks john

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well understood sir.

Thank u very much for clarifying me this point.

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March June 2021 Q1 Kawa Co and Lahla Co

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well understood

I have watched all of your lecturer videos. and they are the best of the best. The best thing I have seen in your lecturer videos is that you do not just give us rules but also the logic behind it.

Thanks John.

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Therefore we should always weight the Asset betas and not Equity Betas Right

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I do watch your lectures, and it is the best resources I have ever seen.
I took f1 up to p4 from OT and I cant compare to even the paid ones.

I have understood the point, thanks.

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understood

Thank u very much

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Thank u very much

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definitely Helpful.

Thank u very much KIM

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got it. Thanks kim

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i see. thank u very much kim

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clear now. Thank u very much KIM.

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Understood.
thank u very much KIM

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Thank u very much Kim. I’ll focus on those ones Insha’Allah.

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Thanks kim.
i use past papers not the KIT. ill try to avoid the old exams

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your previous responses are clear. thanks KIM

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December 2013 Q5
Having completed the file review, you have concluded that the use of the going concern assumption is appropriate, but that there is significant doubt over Burford Co’s ability to continue as a going concern.

The audit committee is reluctant to include a detailed note to the financial statements, but have agreed that a brief note will be included.

MY question. what is the implication for the auditor’s report if the auditor concludes that the brief note is sufficient.

Examiner Answer
– No modification of auditor’s opinion
– Emphasis of Matter paragraph to be included

My Answer
– No modification of auditor’s opinion
– Going concern paragraph to be included in the auditor’s report.

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another question.
What is difference between modified audit report and modified audit opinion.?

and what makes the audit report to be modified?

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Clear now.
but instead of asking possible implications, what if the examiner asks just for the implications.

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got it.

Thank u very much Kim.

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Another question.

What would be an appropriate action if we see for example finance detector concealing information or behaving unethically or limiting the scope of the audit.

thanks in advance.

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