Forums › ACCA Forums › General ACCA Forums › *** ACCA P1 March 2017 Exam was.. Instant Poll and comments ***
- This topic has 88 replies, 40 voices, and was last updated 8 years ago by
Elena.
- AuthorPosts
- March 8, 2017 at 11:00 am #376537March 8, 2017 at 4:55 pm #376637
Time stress
March 8, 2017 at 5:08 pm #376646Yes for me too I could not answer one 25 question 🙁
March 8, 2017 at 5:14 pm #376650does anybody remember question 4 about risk in speed rail net? it seems i answered only point a, can’t remember other points b, c etc…
March 8, 2017 at 5:23 pm #376659Exam felt quite fair, although there was a strong focus on risk across the questions, and less so on ethics (I picked Q’s 3 +4).
Managed to complete all the questions – but did find myself constantly checking my time to do so!
Feeling quite good about it so will have to wait and see now!
March 8, 2017 at 5:25 pm #376660Hi Everyone,
I choose Q 2 and 3
I have just realised that I possibly not answer what was asked
very dissapointedMarch 8, 2017 at 5:26 pm #376662I feel as it was more about internal control and audit
also ethics was in q 2March 8, 2017 at 5:27 pm #376663Starting with section B was a bad idea. I was under too much time pressure for section A but I made sure to do part D first as it had the most marks then I done the part with the next most marks and wrote very little for the 6 or 8 makes questions that remained after that.
March 8, 2017 at 5:30 pm #376666Q2 I wrote about ethical decision making instead as asked about ethical behaviour 🙁
March 8, 2017 at 5:30 pm #376667My fellow Question 2ers what did you write for ethical roles and responsibility of auditors/accountants and their influence.
I took it as meaning Integrity, Objectivity, Confidentiality, Competence and Professional Behaviour.
March 8, 2017 at 5:33 pm #376668Yes this is right
March 8, 2017 at 5:34 pm #376671In Q2 i think he was asking about ethical threats to independence which more related to professional Code of Ethics
March 8, 2017 at 5:36 pm #376674Q2 overall was related to application of Professional Code of Ethics i think not Ethical Decision Making… Does anyone agree
March 8, 2017 at 5:37 pm #376676yes , i thing also Corporate code of ethics
March 8, 2017 at 5:41 pm #376681What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….
March 8, 2017 at 5:41 pm #376682Yeah it was surely the code of ethics.
And independence threats Self Review, Self Interest, etc.
Then there was a question on ethical safeguards which was okay.
Q2 was by far the easiest on the paper.
March 8, 2017 at 5:43 pm #376684In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.
March 8, 2017 at 5:45 pm #376685@faizi95 said:
What about Q4 the first part was about embedding risk ….but i found b part to be difficult i identified risks properly and explained with reference to context but ALARP part was difficult i only wrote one part creating linkage to question other wise wrote general… i hope i atleast half marks for what i wrote ….Yeah there were a few Risks (Reputation, Health and safety, etc) and you were right to discuss them in context. For ALARP I gave a brief definition and then said that they could reduce a few risks using it. I.e. they could reduce health and safety risk down to a lower probability by keeping up to date with weather forecasts and making sure no journeys take place when the weather is forecast to be that bad.
March 8, 2017 at 5:46 pm #376687@faizi95 said:
In Q4 i used TARA model in part C …did anyone used it as well for managing Business and financial risk.I think it all related to this technical article a lot of the question did https://www.accaglobal.com/ie/en/student/exam-support-resources/professional-exams-study-resources/p1/technical-articles/coso-enterprise-risk-management-framework-part-1.html
March 8, 2017 at 5:48 pm #376688i guess i have written almost same as you … but at end i lost the track but feels good to hear wasnt that bad …that im thinking
March 8, 2017 at 5:50 pm #376690i thought about COSO 8 stage model but they were only 5marks which was very less for this model to be applied he said how they managed Business and Financial risk so associated with the TARA framework giving definitions of risks as well at the end.
March 8, 2017 at 5:57 pm #376700Did anyone else think Question 2 was more like an F8 question? I felt you could answer the majority of it with F8 knowledge and frameworks?
March 8, 2017 at 5:58 pm #376701Yes you could
March 8, 2017 at 5:58 pm #376702I think they were asking about safeguards in entity and safeguards individualy
March 8, 2017 at 6:00 pm #376703i think focus was more on Individual on Audit partner
- AuthorPosts
- The topic ‘*** ACCA P1 March 2017 Exam was.. Instant Poll and comments ***’ is closed to new replies.