*** ACCA Paper AA September 2019 Exam was.. Instant Poll and comments ***

Tough questions and also struggled with time management…

The exam was ok, as expected, I’d say all topics were familiar and not too tricky. As ceriset mentioned above – as expected. To me, this exam more testing Memory, rather than knowledge.
I’m just struggling to remember all that theory and terminology, even though I understand the idea and when reviewing past exams, all answers make sense. Some people have photographic memory and are naturally able to memorise lots of text. I’m not one of them, unfortunately.

I could have written more, but my mind just went blank at some point, even though I knew that topic. Now pray to have 50% :))

Good luck everyone!

Can anyone tell me the questions asked in Section B? I reached 20 mins late so I missed a few questions and I dont know how many or which ones.

In Section B, I attempted the audit risk question, then I moved to the last Control Deficiency question which was with a covering letter.

Then I kept back going back and I attempted two going concern questions, one objective of sales and dispatch system question, audit procedures for missing supplier invoices,
And I remember I saw a laws and regulations questions which I couldn’t attempt and the rest I didn’t see. So which other questions were there can anyone tell me?

Classic audit risk and response
– going concern due to misstated liabilities, economic uncertainty and expansion
– first year audit – higher detention risk

– for the artist bit,
50% in advance I wrote about overstatement of liabilities (cut off) and accruals..not sure if this is correct

For audit risks I put:
– ISA 250 considerations of laws and regulations in audit of FS because they stated the councils set max amount of tickets that can be sold for event and also because of compliance with safety and health regulation (no of tickets direct effect, safety and health not direct but material effect to operations of business)
– sales cut off because tickets for events sold in advance
– fees to artists paid in advance so also prepayments and expenses correctly recorded
– litigation because of accident…

– can auditor accept lease of building from client at market price?

– who were the two officers that could take the job ( I choose Lorenzo, and Bill) ?

Hi guys,

I don’t know why but I have feeling that I didn’t have the same questions as u.

we had a different question entirely in Nigeria.. what is the examiner thinking? Question 1 was easy.. question 2 included investment property with change in fair value, who would have remembered this treatment. this is not F2. Again in q2, reversal of impairment loss again in AAA exam, this should be tested in F2 or FR.. No past papers contains these two requirements.
question 3 was disaster.. PFI with a expert thieves.. I didn’t know where to start..
I must pass this exam, this was my third time.

The AA exam question was ok . But I didnot do to well on the 30 mark question. Fingers still cross dor.
The other question I did pretty well. I am just praying that God grants me a 50% mark and more.
Oh an am going to guess that for those sitting In December, yes Ratio in the audit risk came, that was the 30 mark question. So it’s more than likely may not be in the December setting .

Section A OTQ’s were very confusing with ambiguous choices, about ethics and report

I attempted section B first, the 16 mk audit risk question was the most generic question you could ask for, expected to score good there, same goes for substantive procedures, which were about receivables, allowance for receivables, going concern, just textbook knowledge

the internal controls question (production supervisor) was kinda interesting as it required a lot of thinking, it really made to get creative and i hope the controls i designed were good enough
finished with 20mins to spare and spent the rest of the time rechecking and ‘verbose-ing’ my answers
expecting a comfortable pass tbh

@alessiari said:
– can auditor accept lease of building from client at market price?

– who were the two officers that could take the job ( I choose Lorenzo, and Bill) ?

I think the office building can be leased since its at the same value that everyone else gets it for.

As for the officers I believe i went with Manisha & Lorenzo. Bill couldn’t take it since his wife was the FD or something (Familiarity threat)

Hi there,
There was this 30 marks question an the ratios comparison was 2004 actual and 2005 forecast. and it was the interim audit for 2015 September 30th. I had the doubt why we do interim audit for a foretasted numbers? did any of you had that question?
Thanks