[Touseef]

@r096897g said:
My last exam i pray for a pass although the exam was time pressured

Hope you will be affiliate wait for 18jan

[Touseef]

@justin1980 said:
OMG…I did not realize that there was a question 6…..I thought 5 was the last question…omg I hope I pass or its a rewrite for me…I am so upset about this..i thought the last page behind was empty..

Don’t worry now just concentrate on remaining papers

[Touseef]

@abdullahnm said:
It was pervasive I thought.. I got 11.8% and that’s pervasive to me haha

Pervasive should be atleast 2/3 of assets,profit etc ….

[Touseef]

@mingles said:
Anyone else find question 1 required a lot more time than the later questions? So much to write in part 1a)i). Fair paper though.

Yes Q1a n Q2a was lengthy

[Touseef]

@ahcompany said:
For Int Version Question 5

wasnt the leasing aspect material to the company? the leased asset made almost 4% of the company asset .

I think you got confused with 500000…
It’s 0.5million and was immaterial

[Touseef]

@sublime88 said:
this was my last exam and i think i will be resitting in march. gutted.

question 1 was so lenghty, wasnt sure about the work in progress

Also was not fond of question 2- I knew there would be some kpis in there but didnt like the question one bit.

thought question 4 and 5 were ok, think question 2 just let me down big time 🙁

Theory is subjective you can’t predict …
Hope you will be affiliate ?

[Touseef]

$0.5m against $181m it was trivial not material

[Touseef]

I think just like report is incomplete without opinion audit risk is in complete without over or understatement

[Touseef]

Audit risk 18marks
Additional info 5marks
WIP 4marks
Govt grant 4marks
4 professional marks

[Touseef]

In Q5 I calculated receivables by using formula of receivable days I.e receivables÷revenue × 365…. we have receivables days 81 and revenue $181m so approx $40m is trade receive able which shows 22% of revenue hence material…?

[Author]

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