- This topic has 116 replies, 49 voices, and was last updated 7 years ago by
.
- Posts
if these are correct that would be fantastic.
I answered the question about immateriality incorrectly. I recalculated it and I don’t know why I thought it was immaterial as I got over 1%.
Any way I stated it was immaterial and it would be unmodified report with the issue included in Emphasis of matter paragraph…. such an easy question, such a stupid mistake 🙁Hi can anyone remember what they wrote for the audit procedure for the continuous inventory count?
Option 1 was self interest and 3 again self interest.
As for the 4 option was saying about our firm payment bonus scheme instad of client charge?Option 1 was self interest and 3 again self interest.
As for the 4 option was saying about our firm payment bonus scheme instad of client charge?
- Topics: 0
- Replies: 1
- ☆
was it the mcq’s where they had i,ii,iii,iv as options to be chosen? i was lost there…think it was the mcq for no.9
but the question states that the audit client has asked themselves to be sponsored in return for excessiving advertising of the the audit firm …?
is sponsoring like promoting …. ? which would constitute an advocacy threat???
Curveball question the advocacy one.
Remember it is an advocacy threat if the audit firm promotes the interests of the client.
The question stated it was the client promoting the auditors (which would be self-interest but that wasn’t an option).
Either way it was two marks and I messed up a few MCQs. As long as you felt good with the 18 and 14 markers you’ll be fine.
The multiple choice of existence of vehicles, the answer was written representation?
i think it was challenging especially part A. it was really dificult to choose as answers to close to each other. did anyone answered to the assertions related to disposal of assets? i choosed only right and obligation but i think was supposed to choose completeness as well
What did you guys say about subtantive analytical procedure for revenue?? Can someone help??
Does anyone remember What each part was worth?
Why control environment is important – 2 marks
Disadvantages of outsourcing internal audit- 5 marks
whatever you can remember plz.Cheers!
i don’t remember the last time i wrote so much in an ACCA paper…i filled 9 pages (front & back)…hoping for a pass…fingers crossed…but anything less than 50% and it will be confirmed that ACCA have beef with me…
How does anyone even remember what they picked for mcqs??
I sat the afternoon paper today- found the mcqs quite tricky and I practiced a fair few of them but I definitely ended up spending too much time on them- I always find time management hard in these exams
I found part B a lot easier but I ended up having to quickly fly through the last few questions due to running out of time and I wasn’t even able to answer the 14 marker on audit risk because of running out of time, was gutted.
Just glad it’s over- I definitely preferred the computer based to paper, no fiddling around with an answer booklet and I preferred having to type quickly rather than write quickly.I did not have enough time to complete the paper… I hope to get atleast the passmarkí ½í¸?í ½í¸«
Really thought-provoking exams, somewhat loaded with a lot of tricks. Pray God sees me through IJMN
I did not have enough time to complete the paper… I hope to get atleast the passmarkí ½í¸?í ½í¸«
It seems that the material level for revenue is 0.5%~1% so I think that misstatement is material
I choose the option of ‘Accuracy, valuation, and xx’, I remember that it is the option 4. The reason why I choose it is that the sales proceeds or profits/loss (?) on disposal is recalculated and this may be has link to the valuation.
Me too. I hope I can pass the exam this time and I will choose to answer part B next time if I failed. Good Luck.
16
a) How IC would help Auditors 2
b)Deficiencies and TOC 18
c)Audit Procedure on Payroll Expense 5
d)DisAdv on Outsourcing IA 5
Total 30
17
a)Procedure on Continuous Inventory Count 5
b)Completeness on TP and Accruals 6
c)Analytical Procedure on Revenue 4
d)matter unresolved on understatement of payable balance the effect on report 518
a)purpose of documenting audit work 2
b)4 Ratios cal 4
c)Audit Risk and Response 14
- You must be logged in to reply to this topic.