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Was the depreciation charged on a straight line basis?
And what about the question of audit committee responsibilities! I unchecked hiring and firing external auditors? Was it correct?i got that too operating profit declined on X5 and they were certainly paying quicker i guess around 64 days previously it was 80 days.
Substantive procedures for purchases and expenses which i could hardly answer 3 points.
Rest were Intangible assets, receivables and restructuring provision.
Purpose of audit engagements and the usual controls in place, deficiency and recommendation.
Could not attempt the opinion question which i thought was an adjusting event and half of the risk related questions due to the bloody time limit.
Section A was tough. Hoping for 40% marks on Sec A. Hopefully i have done enough to get over the line.
PS: This was my 3rd attempt in a row.lets discuss mcq of AA if anyone remembers! i am really confused regrding ias 10 question adjusting and non adjusting events.
How outcomes changes if the estimates for revenue were different than budgeted.Flora plc i guess
options were
Variance focus groups market research and sensitivity analysis ! Anyone who got this?
