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Passed 54% and I’m now an affiliate, Opem tuition God bless you! My success story won’t be complete without you.
What God cannot do doesn’t exist!
I answered same but then I realized that there was a not below specifying that the audit risk should only consider KPI in exhibit 4. Am I the only one that say it? It was the timber question too
For the going concern issue, it’s a major disclosure that had to be made hence hence the audit assistance was wrong by saying that the statement will not have to be modified.
ATHAR97 wrote:AAA INT VARIANT – Okay so does anyone remember anything about the operating License to Matty and the going concern issue what was that all about, the license was to be amortized over 5 years but what about the going concern, was the report to be modified to adverse or just a material uncertainty of going-concern because i remember the revenue of railway was about 60% of matty and the government had revoked the license but the financial statements were not prepared on breakup basis…..
vnetochukwu wrote:I only hope I wrote enough to score 50 as this is my first attempt
The question was , what are the audit risk in the planning stage.
Underneath it had a not that specified only audit risk peculiar to the KPI figures in exhibit 4. I didn’t see the additional note until 10 minutes to the end of the exam by then it was already late and the question carries 20 marks
I answered the question on audit risk wrongly and the question was only specific to exhibit 4. 20 marks gone, now I’m battling with 80 marks. So sad!
I passed with 66%. Thank you Open tuition for all that you do for us!
God bless you abundantly.
I think this was better than December exams where I scored 43% after missing out the whole of section 3. This was a lot better!
