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Section A was a mixture of questions that were ok and tricky.
Section B:Q1 30 marks was on audit risk.
Conditions before the acceptance of an audit client(4 marks) Identifying the risks 16 marks. Substantive procedures on inventory.(4marks)
Something like management quality control deficiencies and recommendations (6marks)
Q2. Inherent limitations of internal controls(4marks) three direct controls and test of control (6marks)five control deficiencies (10marks)
Q3.substantive procedures on income, payroll….I’ve forgotten the other one? then a question on the impact of the audit report of a payables balance that was excluded from the FS.
… I just hope I did the needful. ??I failed my exam with 41. I feel confused caused I tried to find a way of understanding the topics that were challenging,I also worked on my time management skills that I was able to finish the exam without spending too much time on a certain section. I actually felt confident that I’d clear but I didn’t and I don’t know how to pick myself up after this
I too didn’t adjust cause I was thinking of the marks allocation.Though I’m not sure
Sorry about that,just ensure that you are more comfortable with the areas in which you didn’t perform well in according to the exam feedback.Also polish up on your knowledge and technique on the areas that you’re more comfortable in.All the best.
