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I wrote it as a contingent income, a past event which may have a future outcome. It needs adjusting from it being included in the current year since we didn’t get confirmation from the tax authority.
Personal experience: section a was pretty hard, because I spent so much time on it; section B substantive tests were really brief so I am not sure if I will score full marks. Audit risk I wrote quite a bit of detail but lacked knowledge on the auditors recommendation.
what answers were you guys getting for the adjusted trading loss?
I wrote it as not significant and then can accept the agreement, feel free to let me know if its wrong. I have no idea how I did in the exam, felt confident coming out of it but second guessing myself when I got home.
