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Only main part i felt could easily critise was the news article had used world wide experiances around assualts on customers and implied heavily that was an issue in Bealand. Aswell as all the negative was based on the competitor and commenting on, a single bad operater does not apply to the whole sector type thing although dunno how well i did on it.
There are two exams a morning one and a afternoon one doesn’t matter if your a resit, just depends what time you sit. the hardness depends on area’s of the syllabus your good at I guess. and which areas of reporting you have a good enough level of understanding to comment on.
Review the marking guide for the past exam’s on test reach, or your question banks from your book supplier like Kaplan or BP, Q1 there are more than 10 possible Professional marks. obviously you max at 10 but there are definitely more available, so if you have missed of a conclusion or not written a good enough one its possible youve not dropped any mark’s although it is an easier one to get. just like Risks there are more marks available than the max hence why time management is so important
There are like 15 professional marks available on Q1, so you can max the 10 without the conclusion there hard to predict though.
I took the afternoon exam so will be different to the morning one, but an audit risk is basically the risks around giving an inappropriate opinion which is that material mistatments are not detected
PM sitting had
New audit client – detection risks
Impairment of dockyard hadn’t been carried out
Gift of a boat so relates to fair value and justification of accounting for
Joint arrangement which was accounted for incorrectly
Intangible asset relating to the joint arrangement accounted for incorrectly
Payroll had been subcontracted and the risks around that
their where signs of management bias across a few.
there might have been something in the 2 customer boats damaged in the dockyard causing a liability but felt reaching to me and enough easier ones