AAACCA Paper AA exam was - June 2021 Exam - Instant Poll and comments

What was on it?

30 mark on controls Substantive procedures for payables, receivables, inventory, legal claims Some theoretical questions related to audit strategy and audit planning.

Exam went well. Ended up with an hour to check over my answers. I find attempting the lengthy questions first asthe best approach so most time is spent on them e.g. 30 mark first then one 20 and then multi choice then final 20 marker and read over. Make sure to read rhe question first so you know what you are looking for before reading the scenario and highlight those that relate to the question. Typical questions of documents description and advantage, substantive procedures on trade payables/accruals, inventory valuation, legal claim. Audit risk & audit response, internal controls to rely on & test of control, control defencies & recommendations, audit planning qs. Read through previous exam answers as typcial answers crop up and was very helpful!

I had exact same problem. Ran out of time couldn't finish the exam. I did the multiple choice in 30 mins which I thought was okay but then the long questions came. All the scenario were soooo long!!?

Thought the multiple choice questions were tricky at the start. Finished with a little time to spare. Think I fell down a bit on the audit strategy and audit planning question and the final one regarding the legal issue and the implications to the audit report, other than that not to bad and hopefully enough to scrape the pass.

It was ok, but lengthy. Questions were similar to previous exams papers, doing past papers would help. Time management was essential. I calculated time to be spent on each question (like 1.8minutes*30marks) and after 54 minutes have passed, just moved to another question. It helped to finish all questions. In first part was question to calculate correct wages for the year, it was just 2 marks, but looked complicated and lengthy, so I used calculated guess and moved on, it also saved some time for easy marks in section B. Hope for 50 marks ))

I thought that calculation was quite tricky. So moved on. I went back to it at the end and managed to get a calculation that matched an answer think I answered the top one for that

Paper was very fine and all questions in section B were familiar if you did practise on response to Audit risks, defficiencies in internal control and substantive procedures. However i was nervous at first attempt and surely didnt give my best to section A but hopefully i will reach the Shore

Hi All can you please give me just a hint on what was the section A questions consists of and what were the Section B main requirements My exam wasn't conducted due to technical error and it is next week it would be of great help if you can just put the answers of Section A.

It was lengthy and difficult in parts but overall was definitely passable. Hopefully done enough to pass.

Hey can you please

NBhinder wrote:30 mark on controls Substantive procedures for payables, receivables, inventory, legal claims

Hey can you please brief more on Section A questions which were tricky and which were easy this will help me as my exam is shifted to 14June 2021 because of some technical issues.

I think section a & b are just randomly generated from a question bank so you probably wouldn’t get the same questions or maybe one or two the same. You should be careful asking about it though as I know there are admins who looks for people talking about the exams as it could help people potential cheat. Good luck :)

Topics: 1)OECD + advices on composition of board. 2) Wages, salary questions such as: choose procedure for completeness, calculation and others dont actually remember 3) Going Concern - some tricky formulations in questions. Impact on Audit report when MU exests... - Audit Risks, Controls over purchase&payables; - Substantive procedures over Inventory valuation, Revaluation made by independent valuer, Completeness over Payables and Accruals, Expenses; - Identify 3 Ethical threats and response to them; - Difference btw External and Inteernal auditors; - List of 4 procedures: And need to explain reasons whether it would be useful to do these procedures in Interim stage; - And tipicall question with situation to assess impact on Audit Report.

@parthwadhwa007 - you should practice all available questions using the many resources available to you through ACCA's wesbsite and OpenTuition platform. Next week's questions will be drawn from a different selection of questions so your pursuit here for "hints" is futile. As emily1001 says you should be extremely careful - ACCA has many admin processes (automated and manual) not only on-the-day but in review processes before the release of results that will detect misconduct or unethical practices.

JohnAcceek wrote:Topics: 1)OECD + advices on composition of board.<br>2) Wages, salary questions such as: choose procedure for completeness, calculation and others dont actually remember<br>3) Going Concern – some tricky formulations in questions. Impact on Audit report when MU exests…

i 've had the same questions. the scenarios were long indeed but overall the exam was passable. unfortunately i didn't get much time to prepare for this exam.

Hey Kim, Hope you are doing well! I know anyhow the question will not be the same also I have practiced 2018-2020 past year practice papers, I was just asking the questions for a reference similiar to past year paper not breaching any code of conduct. Also, I myself opted for 7th June exam unfortunately there were some technical glitches because of which I was not able to attempt my exam hopefully this time it won't be the case.

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

Hey anyone know whats the calculation of wages and salaries calculation answer 1. 8.4m 2. 8.3m 3. 8.6m 4. 8.8m

parthwadhwa007 wrote:Hey anyone know whats the calculation of wages and salaries calculation answer 1. 8.4m<br>2. 8.3m<br>3. 8.6m<br>4. 8.8m

I am really curious about that...I randomly chose the first one.

Same bro... I mean how can we evenly distribute 20 new employee across a year.?

The wages calculation I think their answers were wrong. I chose the closest to mine. Time was a problem and the OBJ was sneaky and tricky. Looking forward to the best as well and onto the next! Cheers everyone.

8.4 was the closest to my calculation. The new employees were distributed evenly across the year... so 1.6666 each month.

Question paper was Ok. I could solve all the questions and left with 10 mins. In last 10 mins, checked, whether all questions solved. Took quick browse through theoretical answers. I think so, I should be able to pass the exam. What did I do? * Watched OpenTution Videos (few multiple times) and referred to OT notes. * Solved most of the questions in BPP and Kaplan in practice platform of the ACCA * Sorted Knowledge based questions and written answers in notebook. Used for revision and used it as a last minute revision. * Concentrated more on questions, that appeared in previous exams * Solved specimen on ACCA Thanks OpenTution.

@baalshastri - You're very welcome! Do please tell me your result on the ask the AA tutor forum and I may ask you to write a separate post in support of the students that follow you :-)