[minousha]

Qstn 1 (a) business risks (8)
(b) RoMM (18)
(c) principal audit procedures in respect of grant received from govt (6)
(d) matters to be considered whether to accept an audit engagement or limited assurance review (8)
(e) could a fraud be detected in previous years if audit or limited assurance review was done (6)

Qstn 2 (a) use analytical review to assess going concern issues (10)
(b) audit evidence expected to find when reviewing cashflow forecast in respect to GC issues (9)
(c) possible reasons why management may refuse to make disclosures regarding uncertainties in going concern and impact on audit report (6)

Qstn 3 (a) measures put in place regarding anti money laundering programme (4)
(b) indicators of money laundering from scenario (6)
(c) ethical and professional issues (15)

The questions were not so difficult but were time consuming.

[minousha]

This paper was not made for me!!!
Qstn 1 (a) (i)calculation of goodwill after amendments made to figures of purchase consideration, nci and fv of identifiable net assets (ii) disposal of subsidiary to simple investment (40% to 10%) (iii) *dnt remember*
(b) definition of financial asset
(c) sale of bond
Qstn 2 IAS 37 provisions, asset held for sale and ethical issues
Qstn 3 IAS 38 Intangible Assets-compare definitions, disclosures- effects on investors, accounting policies, conceptual framework
Qstn 4 APM and cashflow

This is as much as i remember..definitely my worst paper ever!!!!
Was a wrong decision to resit P2 as SBR!

Saw some new terms for the first time…operating free cashflows!! Cashflow qstn was soooo confusing!

[minousha]

Has anyone ever requested for administrative review for any ACCA paper?
If yes, what was the outcome?

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