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My paper has been delayed due to covid.
I have two hours. What was in today’s paper?Not so hard nor so easy it was good theory part was okay but mcqs are a bit difficult…. More of substantive procedures
Remote exam
I have been asked to reschedule the paper as nvigilator was unable to see my video, whereas I was able to see myself on webcam and the recording was running. Also all the check webcam, Internet and audio were successfully checked in. So I don’t know how this happened and if I was the only one who faced this issueDo anyone has gone through the rescheduling process of the remote exams? can you please share the steps? Just to inform you that I already wrote to complaints@accaglobal.com
Hi Singa, I’ve had issues to launch my exam too. I’ve accessed the book an exam section and right next to the “launch” button there is a “rebook” button. Just follow the steps in the screen and you’ll be able to reschedule. That’s how I’ve done anyway.
Ran out of time towards the end, MCQs were quite tricky. Also for nomination committee what is the re-election period? Is it 1 or 3 years?
This was my first attempt on CBE exam the new format . And I found it hard specially the time .
what were the substantives asked and was there any audit opinion/audit report questions? Pls do comment If you guys can recollect what all topics/questions were asked
Substantive procedures was for Payroll expense, bank balance, PPE additions and Provision for legal claim. 4 Key control and TOC. 5 Control deficiency and recommendations. 3 ratios and 7 audit risks and responses. Importance of quality control review. Controls to safeguard inventory (Threw many candidates the curve ball)
Thanks Vinicius, I just booked the next slot for 14th December
Hope you all had a good exam todayMCQs was a very challenging but section B was good. 8 audit risk, rations, 7 deficencies and Substantive revenue, settelment discount, INC, provision for dismisal and trade payables
It was not hard or not easy
We were supposed to finish just after 12.00 noon. there were technical issues so finished the paper at 5.00pm Kenya time. I just started the exam and my timer froze so I had to be moved to 2 different computers before I could continue with the exam. I had questions on audit risk, and key controls to rely on in internal controls, factors to rely on when using an expert, going concern, substantive procedures, on 3 or 4 different items.
Anybody got a question like below to calculate the proof in total? If so what are your answers guys??? I got 2.25m
Prior year revenue is 1.8m
One third of this is through online sales and the rest through other means.
The forecast revenue for current year is expected to increase by 25% through online sales and they have extended the production with fifth factory and revenue from that is expected to be in line with others.It was certainly not easy, but I don’t think it was impossibly difficult either..
@rashard I got 1.95M
1.8/3 = 0.6 (online sales)
0.6*1.25 = 0.75 (accounting for the 25% increase in online sales)1.8-0.6 =1.2 (warehouse sales)
1.2+0.75 = 1.95M
This is how I arrived at my answer I don’t know whether it is correct
For audit risk and IC deficiency, is it wrong if we copy paste the risk identified or deficiency from the scenario without typing it in our own words? Will we be awarded to 0.5 Marks for identification if we copy paste it from the scenario?
Wasn’t an overly difficult exam but wasn’t easy either, found the multiple choice questions quite tricky. Written questions a bit more straight forward, rushed my controls question at the end due to lack of time management but hopefully done enough!
Hello! The mcq you are talking about us assessment of NEDs.
Rumeration committee and re-election of directors.
Only directors were re-elected 3 years after other 3 were done after 1 year.@ranganaherath they had told something fifth warehouse. Then I got the balance two third divided by 4 warehouses which was held previously.. I.e (1.2/4)*5=1.5 plus 0.75=2.25
Hi,
I believe the questions stated 2 thirds were in-store sales a 1 third online, so the answer should have been $2.25M?
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