[Ok.sana]

I got substantive procedures for:
– expenses and purchases
– bank loan
– provision for liability
– revaluation planning

Audit risks, direct controls and test of controls, control deficiencies and recommendations.
Needed to describe the elements of internal control.
Describe what opinion would be expressed if management doesn’t adjust for some event.
Materiality and performance materiality explanation.

Overall Section A I feel wasn’t the best for me.
I am really not sure about this exam. I am praying for 50%

[Ok.sana]

Hi! I will be honest – don’t think it’s enough time and combination of AA and TX is not great.
They both are quite big

[Ok.sana]

For section C i have calculated investment share for the associate, dividend adjustment, acquisition was not full year so i had to adjust all the figures in the FS to 9 months instead of taking whole figures as stated.
Also depreciation adjustment and unrealised profit

[Ok.sana]

Thank you so much Mrs Jill! You are truly the best!
Passed first time, really happy ?

[Ok.sana]

@Jonnhy138 , I feel you! I had 40%, 47% and then 45%. Need only few points more to pass. Praying for the pass this time.

[Ok.sana]

I had Economy, Efficiency and effectiveness in Section C.

Also optimal price in another section C.

[Ok.sana]

47% ?

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Same here! This is my resit and i feel like i did worse than in September

[Ok.sana]

Yes for me

[Ok.sana]

Hi Zaman,

What those abbreviations mean?
I learnt it as AQ AP vs AQ SP; AQ AP vs AQ RSP etc ( actual quantity, actual price; standard price and revised standard price).

[Ok.sana]

Hi people.

Also had transfer pricing and variances in section C.

Does anyone remember the transfer one? With a mark up added the transfer price would be $6, correct?

Thanks

[Author]

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