[cuong3008]

Nadia wrote:I also got the Dolphins Group Q1
From what I remember I included the following RoMM:<br>-new client – opening balances and comparatives<br>-revenue might be overstated due to risk that client might be overcharging customers<br>-related party disclosures might be missing<br>-licence accounting – does it need to be depreciated over its 5-year life? It does not seem to have an indefinite life as there are conditions to be satisfied<br>-accounting for the investment – if significant influence can be proven, then it is an associate even if only 18% is owned<br>-control risk with the payroll system – tax deductions might be incorrect<br>-investigation started by the government – does it give rise to contingent liability?<br>-trend analysis – EBITDA 25% decrease vs operating margin – 8% decrease – possibility for understatement of expenses

New client is audit risk, not RoMM

[cuong3008]

It is really length and difficult. It is harder when attempt by CBE 🙁

[cuong3008]

Financial instruments, lease, employee benefit, share base payment: I have nothing in my mind when read the question related to above standards :((

[cuong3008]

I think sofp because sofp was tested more often than others.

[cuong3008]

Do you think the first question for June is SOFP or CF or anything else ?

[cuong3008]

i still have not completed Opentuition online lectures :((

Anyone give me some advices about the Study Plan for the June exam :((

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