[wiqi6789]

Hi guys . I had timber company question as question one in AAA INT , Q1 second part where it says identify audit risk in relation to fair value of timber for 20 marks, did anyone mention that there policy of valuing standing timber trees at fair value less cost to sell was incorrect because IAS 41 agriculture says to value them initially at cost.

[wiqi6789]

just keep it with u dont have to worry about that ur f6 still be marked

[wiqi6789]

i didnt said its an acroynm for assertion i said audit procedures btw thanku gromit 🙂
for assertion acronym would be acca cover

[wiqi6789]

dont want to feel anyone bad here it didnt matter which papers u take just study it like a man u wil pass

[wiqi6789]

thanku 🙂

[wiqi6789]

hey can u give nomonic for assertions and control tests and u already told the substative procedures so can u tel me these threee when when we apply them ?
and as aw0298 posted any nomonic for audit risk
i think these all covers the imp topics

[wiqi6789]

can a question came of solving ratios as an analytical procedure and then describe the differences ?

[wiqi6789]

yeh its ok if u have enough time

[wiqi6789]

u dont loose marks for showing basic working as there is no negative marking

and yeh u can show like that no problem either group them or not

[wiqi6789]

how can construction contract is imp examiner give full question in june 2011 so i dont expect this would come up as well as contigent liablities and asset tested in last session

[wiqi6789]

make things simple for u try to relate things wid general life xamples thorughly read the book and then test ur knowledge and then move on to scenario based question

[wiqi6789]

at the time of reading it looks easy but when start solving it complications begining dont know what to do with q4 and q1 is tricky hope this time i get 50 not want more than that 😛

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