[kontoua]

i think everyone have access to the white/gray page but for finalists that passed i think that exam entry should not be there ,

i was able to see the white gray page and i am sure that i haven’t passed, plus exam entry was there
not to mention that on the normal my acca , under exam entry the fees for june 2015 and dec 2015 were available for me

P.S: i was able to access the white gray page 2 sessions before and i failed!!

[kontoua]

@jelly p6 was my last and only paper for dec 2014!

[kontoua]

@jelly i could not sign in either

[kontoua]

yesterday on my exam entry there was this regular button where you could see your attendance docket
but also the fees for june 2015 and dec 2015 sessions

how was yours? the 2014 or 2015 fees were shown?

[kontoua]

have you checked this link as well?

https://sso.accaglobal.com/oiddas

[kontoua]

i am referring to those who are finalists and are have taken their last exams

[kontoua]

can you write your answers for comparison?

[kontoua]

passed yesssssssss…….. 53!!! now one left P6( failed 44%)

[kontoua]

@lakeside

got it too……. yeap still a student i guess……:(

[kontoua]

is the link still working for some?

[kontoua]

Grrrrr guys tell me…. the warning email was generic or not!!! if not then i have reason to be afraid….

[kontoua]

i hope that for those who have tried to access the results the previous time ACCA have not put them in any black list and intentionally fail them in the next exam session

[kontoua]

we all got the email that warned us not to use any loopholes or it was only sent to those who had used the links in the previous time?

[kontoua]

is there any chance that acca will remove us from the body if we continue to try TO ACCESS the results before they are officially out?

i am starting to get worry ……..

[kontoua]

Anyone knows if we had to do preliminary analytical review in Q1a?
It was not asked but there were a lot of marks for only risks and the f/s were given

I didn’t do them i thing that i may have lost 8 marks or more!

What do you think?

[kontoua]

that was helpful thanks !!!!!!

[kontoua]

yess but what if the percentage is obove the materiality threashold?

[kontoua]

yess but what if the percentage is obave the materiality threashold?

[kontoua]

Q1 i wrote
a)Risks
IAS 28
-investment in associate maybe wrongly classified as associate- however more than 25% so may not be a risk
-associate acquired on January so only for 5 months- risk of not taking that into account for profit and loss
-brand at historic cost- ias 38 no amortization – no impairment
-ias 21 (wrong dint see it was the same currency)
-inter company transactions-risk of non elimination
-inventory in transit risky -as sub transfer inventory in other subs
-ias 2 inventories lower of cost or NRV if the goods were transferred at no price then NRV Zero risk that was not recognized at lower of ..
-New IT system risk of errors made
-all these were made with comments on their materiality

(I am so pissed that I forgot opening b/ces unaudited ias 24 disclosures,
Ias 40 investmet property and no ratios)

b) other info
-copies /documentation from the acquisition of associate I don’t expect much here
-the financial ration to obtain an analysis of the group

C) matters on component auditors
-same ethical requirements as the group auditors
-their competence,qualification,standards.
if they are part of a network of audit firma
-resources to be involved with consolidation as it is small firm

procedures( confirmation of belonging to a network of firms, written representation that they comply with all ethical standards and one more dont remember…. unfortunately i could not find others

Q2
a)
nature of assumptions
–distribution of the report
–use of the report not thoroughly explain though
Period cover
–responsibilities of mgt
Limited assurance

b)
Procedures-don’t remember

c)
– money laundering stages not thoroughly explained again

elements to encounter money laundering
-appoint a MLRO
Training of employees in the firm didn’t write as much as I would
Identification procedures

Q4
a)Explain business risk, f/s risk related with going concern

b) Outsourced payroll
I I wrote 2 lines about what is outsourcing (don’t expect marks here)
Also that auditors should have unrestricted access to the payroll from the outsource org to obtain evidences

c) matter to be consider before giving advice on tender
– Conflict of interest
– Safeguards
Advocacy thread
Non audit service

d) joint venture with audit clien
-self interest thread
-business relationships prohibited unless immaterial
-less critism on clients if client go to events that has a motive for profit
All these very summarised

Q5

a) 3 lines about going concern should be disclosed if there is significant uncertainty

b)report
-reference to the appropriate ISA 706
-basis of opinion and opinion paragraph should be included
-The paragraph was not explained adequately
-Materiality I wrote that was correctly included but apparently is wrong since the materiality was wrongly based
-impact on the financial statement if not corrected reference to IFRS9 financial asset receivables

About the claim
-Immaterial so no impact on audit opinion
-EOP inappropriate since only highlights significant matters

-Disclaimer of opinion not appropriate as it’s only made when a matter is pervasive and -lack sufficient appropriate evidence

Audit opinion
I accidentally thought that the 50 000 was 500 000 and if was taken together with the 2.5m of receivable would have become 3m so pervasive and Adverse opinion (GGrrr So mad)

Overall I attempted 90% I am so pissed that I didnt had the time to write something more on all the question as I was time was a biiiigggg issueee

I pray for a pass its my 3rd attempt and i still not understand why i didnt pass previous time

[kontoua]

thank you all for your kind words!!!!

I can only hope that this time i will succeed

[kontoua]

thank you for your answer!!!!

[kontoua]

thank you very much !!!!!!

[kontoua]

somewhere on the guidelines it says tha SWOT analysis should be referenced

how am i supposed to do that?

i didn’t use any books for SWOTto be referenced it is mainly from personal experience and what i think it is a weakness or a thread

[kontoua]

i am doing topic 18

a review of the marketing strategy of an organisation and its effectiveness

do i need to include questioners and do some graphs?

i completed the project but did not include these

all my research was based on articles from business magazines, books internet personal
experience

please tell me will they fail me i didn’t do questioners and graphs?

[kontoua]

i did checked the answers and they were a match especially Q4 and Q5
in Q1 i mostly wrote what the examiner wrote

i only had some variations in q2

is it possible the markers nao have read all my answer books ( all three) because they only have a limited amount of time to mark?

[Author]

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