Question one was loaded with so many things to sort out, doubt if one can finish well in such high pressure exam. I attempted to the best of my ability. Question two purely written and did some part but my best was question four APV.Hope a marginal pass comes through.
Q1 pretty unusual, biological assets scenario. Business risks and risks of misstatement Q2. a. On ISA 240 with respect to revenue recognition. Y auditors presume risk of fraud. b. On usuall cash transaction indicating money laundering issues. c. Capital expenditure procedures.