[Ubayd]

Yep, that’s the question I got.
Just spoke about how RP requires management disclosure, difficult for auditor to detect themselves.
Then spoke about the lease and loan, questioning validity, existence, nature
incentive for management etc
Could be all wrong though lol

Did anyone get Telford Q1 with the significant ROMMs?
Was materiality at $430k?

And Q3, for the audit opinion, anyone go with qualified?

[Ubayd]

In hindsight, and after looking at my notes last few days, I’ll be lucky to cross 20 marks in that paper haha

I got most things wrong by the looks of it, never mind, we go again!

[Ubayd]

I can’t remember exactly now but I think I wen’t with the following

Franchise fee needed to be written off to the &L as it was no longer classified as an asset
Penalty fee of £350k
Lease of showroom will also need to be ended and written off – early payment

There was one more which I can not remember

[Ubayd]

Sounds like you all had a different variant to me!

I had the car showroom company, was a really odd case study, struggled to clearly identify the ROMMs

Question on Quality Management was also requiring a fair bit more detail than any others I’ve seen – was asking about a specific working paper

Final question on consolidation issues which I think went okay with an audit conclusion part too – I went with adverse opinion in the end

[Ubayd]

Q3 about Subsidiary held for sale threw me off completely.

Not a nice paper, ended up talking absolute rubbish in Q1 and Q2

My 3rd attempt, soon it will be number 4 by the sounds of it

[Ubayd]

Hi Kamran,

Whereabouts are you based and how would you be looking to do the studying?

Thanks,

Ubayd

[Ubayd]

Thanks, i’m filing my mitigating circumstances report now.
Invigilator said he has never seen a message like that in 7 years of doing it,

Essentially, said I had run out of space and could not write anymore!

What was the outcome of your mitigating circumstances report?
How do they account for it etc

[Ubayd]

Had the toy company

1) Culture
2) analyse 3 countries
3) IR
4) outsourcing

Also had a technical issue with my exam which meant I ran out of space! No one had ever seen it before but I had to wait half hour for it to get resolved. Lost all train of thought and momentum.

Heartbroken

[Ubayd]

Thank you very much for the prompt response Kim!

Think I will go with ATX – was leaning towards that anyway.

I am currently only able to book ATX, when the results come out, is that when I can book FR retake?

[Ubayd]

51% pass at first attempt. Thank god.

[Author]

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