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Finally passed! Ready to apply for membership. Thank you Open Tuition for the support over the years.
For those that failed keep trying. Use past papers.
Fall 7 times stand up 8!Passed 3rd time round – I kept answers to the point this time – short clear paragraphs per point.
Also started with easier question and done Q1 last.
Hi Hayley
For the cash flow one I provided a list of procedures, mainly the ones needed for a PFI, such as recast figures in the forecast to verify they are arithmatically correct. Discuss assumptions with management, Review a schedule listing a break down of anticpated expenses, enquire why interest stays the same through out when the loan is additional. Stuff like that. (Hopefully not mixing up the questions here) sorry I had another exam today so can’t remember everything!
Lola wrote:What did you write for that 6mrk 1a?
Brilliant, thanks I wrote along the same lines.
Exactly, I thought there had to be missing information- certainly was not worth 24marks!
vnetochukwu wrote:I answered the question on audit risk wrongly and the question was only specific to exhibit 4. 20 marks gone, now I’m battling with 80 marks. So sad!
No, it just said with regards to that exhibit. You still needed to identify other audit risks from other exhibits. So you are fine.
Q32 I agree with the deferred consideration 23k.
GW I got aroundGrant selected 1.6 as NCL carrying some to CL – wrong I see
