[anikitina]

Passed with 56% – first attempt. Quite a miserable grade but I didn’t expect more. The exam was harder then I expected and after the exam I had a feeling that I could have failed. So I’m happy and thanks OT!!!!

[anikitina]

I got an impression that the Alexandrite question was asking about threats to INDEPENDENCE. So the request to disclose info on a partner is more about _confidantiality_ and doesn’t have to do much with independence. Am I wrong?
I identified:
1. Client’s employee joins the auditor (suggests they have established close relationship – I assume it works this way too)
2. The client’s former employee will be auditing the client
3. The former employee holds shares
4. If the auditor takes tax administration the total fee might be above 15%
5. smth else – can’t remember

[anikitina]

In system hack I wrote disclaimer, cuz it was really pervasive.
In the valuation error it was some 15% of profit – so material. Whether it’s pervasive or not – I wrote it’s up to the auditor’s judgement (I don’t really know). If pervasive – adverse, if not – qualified. Can it work this way?

[anikitina]

Yes, what audit procedure is required on the _completion_ stage of audit in the system hack case?

[anikitina]

Passed first attempt with 64 – I only studied with OpenTuition. Thank you sooo much!!!!

[Author]

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