[christine71]

Dear Ansi,

Thanks for this, its useful.

[christine71]

Thanks Seagoat, one more query, how about replacement cost for the machine let said 50k , will replacement cost consider too ?

[christine71]

For Q1, may be assertions about account balances (SP / Test of details)
For Q5, may be Going concern, EOM & Other paragraph, other information

[christine71]

This is the disadvantage when no response has been received to a negative confirmation request, the auditor dosen’t know for sure whether that means that confirming party has agreed to contents of the confirmation.

[christine71]

Positiive confirmation got two types, 1st details are included in the confirmation request. Debtor is asked to agree or disagree with the information provide. if debtors disagree, he is asked to provide explanation of why he is disagrees in the form of reconciling items.
2nd types, details are not included in the confirmation request. Debtors is asked to fill in the amt or furnish information.
Negative confirmation , this is a request that the confirming party respond directly to the auditor only if the confirming party disagrees with the information provided in the request.

[christine71]

If directors refuse to ammend the F/S, seek for legal advice with the objective of trying to prevent further reliance on the auditor’s report

[christine71]

Hi, dieselee, am too also failing 3rd times for F8. I know where I went wrong, we need more practice and understand the basics. So, never give up, we workhard together and sure we can pass through this June 2012.

@jackson, I would like to join your study group but due to timing different, would appreciate if you can post to documents folder that I can read on. TQ :>

[christine71]

Thanks Ansi and your hard work.

[christine71]

yap, the paper is not easy and a bit difficult further not enough to finish it. :<

[christine71]

me too, how they derive the 1,040,000,000 ? its take me more than half hour to do this q5 part a.
can someone help us ?

tq.

[christine71]

Hi, I need BPP and Kaplan mock exam for F5 & F8, can someone send to me, please. my email add : christine19711@yahoo.com

TQ

[christine71]

Dear Sids,

Yes, I agree with you. There is no shot-cut, have to study all topics of the F8, my lecturer also told us like this undestand the concept use common sence to answering all the questions.

[christine71]

Thanks Joelim and MikeLittle.

[christine71]

Dear Mike, I’m a bit confuse. Let said the estimated remaining life of the assets at the date of acquistion of sales was 5 years (straight line method), what is the double entries for all ?

Thanks

Kind Regards

Christine

[christine71]

Thank Mike.

One more query on consol, if parent sold assets to subsidiary at the date of acquisition let said FV of $4 and the carrying amt prior to sales was $ 3m, what is the adjustment ?

Thanks

Best Regards

Christine

[christine71]

Thanks.

Another question : in exam question is that audit work mean as audit procedure ?

[christine71]

I need too. (F7 mock exam)

Thank you

[christine71]

Hi Gzzn, I have received your mail and thank you so much. Your notes is good, simplify and easy to understand. Hope to receipt more news from you.

TQ

Christine

[christine71]

Hi, I would like to join the group. Would appreciate if you can forward to my email : lam_laykoon@yahoo.com related to F8 topics.
Thanks

Best Regards
Christine Lam

[Author]

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