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- This topic has 191 replies, 54 voices, and was last updated 7 years ago by sadafayyaz.
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- December 5, 2016 at 10:10 am #353968December 5, 2016 at 3:17 pm #354009
i wrote about preconditions….hope i was right.
December 5, 2016 at 4:02 pm #354028That was client acceptance
December 5, 2016 at 4:04 pm #354032Does anybody remember the answer to objective test questions?
December 5, 2016 at 4:12 pm #354038Just wanted to say “Thank You” to Ken Garrett for his lectures and great practical examples throughout the course.
Now we have to wait for the results
December 5, 2016 at 4:16 pm #354040MCQ question about NED motivation/independencentre and their remuneration..? Anyone remember their answer?
December 5, 2016 at 4:22 pm #354046Anyone could share their mcq answers?(:
December 5, 2016 at 4:25 pm #354051I remember an answer I’ve put with ‘individual performance’
December 5, 2016 at 4:34 pm #354068@acca145 said:
what was answer of numerical payroll question?I think that was 16.74m
17m less 10% = 15.3
payrise add 6% x 10/12 = 0.765 = 16.065
bonus add 1500 x 450 = 0.675 = 16.74December 5, 2016 at 4:44 pm #354089Why 10/12??
December 5, 2016 at 4:46 pm #354091@nas29 said:
Why 10/12??The payrise was effective 1st Jan. Year end was 31st Oct.
December 5, 2016 at 4:47 pm #354093@sarabella said:
I think that was 16.74m17m less 10% = 15.3
payrise add 6% x 10/12 = 0.765 = 16.065
bonus add 1500 x 450 = 0.675 = 16.74why 10/12?
December 5, 2016 at 4:51 pm #354098@sarabella said:
The payrise was effective 1st Jan. Year end was 31st Oct.Ah ok 🙁
December 5, 2016 at 5:02 pm #354105I found exam pretty tough. The last question and Internal Control Deficiencies relating to Cash were tough. Mcq were also tough as well as last part of substantive test.
December 5, 2016 at 5:04 pm #354108AnonymousInactive- Topics: 0
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I do, at first I chose C, but last minute I changed my mind and ticked D, which was motivation/according to their performance. I still wonder what the right answer is.
December 5, 2016 at 5:04 pm #354109I got the same for the payroll question and I the question with the Ned based on time worked not the same as executive director. Not sure if it was right or not. Found the mcq fairly easy
December 5, 2016 at 5:09 pm #354114sarabella, your payroll calculation is right. I did the same but I calculated bonus by multiplying with 500 instead of 450, 2 marks gone 🙁
December 5, 2016 at 5:10 pm #354115I chose the lady as Internal Audit Manager because she had audit experience, the consultant had setup internal controls but it was never mentioned that he had audit experience.
I guess for IA Manager it is a requirement to have audit experience.
December 5, 2016 at 5:10 pm #354116for NEDs remuneration, I chose the one with time spent.
December 5, 2016 at 5:10 pm #354118was in not some thing like what Ant & Co. should have considered before accepting the audit? which meens pre conditions?? no?? im really confused 🙁
December 5, 2016 at 5:12 pm #354119what are the two control objectives for cash receipts control system? Question 18 (a).
December 5, 2016 at 5:12 pm #354120Was the question in 1st long part a) was about client acceptance screening or preconditions?
December 5, 2016 at 5:14 pm #354122I think it was both, I wrote bit of both client screening and preconditions 🙂
December 5, 2016 at 5:15 pm #354123Deborah, I don’t mind if my logic is wrong as long as i get two marks 🙂
December 5, 2016 at 5:15 pm #354125for last three mcqs i have put b,c,d. anyone else remember there last three mcqs?
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