AAACCA Paper AA September 2020 Exam was.. Instant Poll and comments

The servers kept crashing and at 5.37 we where all timed out

Did anyone notice an error in one of the questions it stated something along the lines of Bluebird Co's receipt was allocated to Finch Co. However, Finch Co was never discussed in the pre-text...

SECTION B 30) - 5 components of internal controls - 4 key controls and test of controls - 4 deficiencies and recommendations - 20) - Audit planning benefits - Audit risks and response 20) - substantive procedures on income - Substantive procedures on restructuring provision - Substantive procedure on bank loans - Audit opinion if 270,000 material but still included - Corporate Governance deficiencies Trying to recall all the section B questions so we can discuss answers. Anyone can remember the ones I missed?

substantive procedures on purchases and other expence

Are all papers the same? I dont remember some of what you've stated... hopefully I didn't skip anyone

I believe there are some variations based on region and exam method, so that might be it.

Oh yeah can’t believe I forgot that.

I understand that whatever mark you score in the AA exam is divided by 120 and multiplied by 100. Example, if I scored 65, it would be 65/120×100=54%. Is this true?

The exams can be different when it is a CBE. I had the same question as you on the general and application controls.

No, there are 100 marks in the exam not 120. So if you get 65% right your result will be 65%.

Oh, sorry to hear that. Did ACCA offer you some compensation like the exam in the other centre next day etc?

I thought that because Finco Co was not mentioned then that automatically ruled out Bluebird as an answer. I went with one of the Pigeon options.

Circuralisation of Receivables MCQ. There was one company who did not reply to the circularisation. I selected "Check pre-year end cash receipts/sales invoices". I think some of the other options mentioned the recoverability of the balance, however there were no initial investigations done by the audit junior, so that seemed to be a bit extreme to doubt the recoverability. Although if I remember it was quite a large balance. Such a tricky question.

Yes, I have noticed that, it was so confusing... Finch Co wasn't mention in the question. A lot of MCQs were very difficult and confusing, def couldn't fly through them. One about sampling method.. random start and sample taken by intervals ?? None of the answers seems to match the description. isn't a description of systematic sampling?Answers in AA: 1) Monetary unit sampling 2) Haphazard sampling 3) Block sampling 4) Random

I struggled with that one as well, as sample taken by intervals should be systematic sampling and there was no option for that. I went with monetary unit sampling only because the monetary unit was taken into account in the selection process (however, the balances were not weighted). I went through the course notes after the exam but this is still not clear.

same happened to me in todays tx-uk paper , long section c questions were piece of cake and the mcq's were like out of this world , so confusing and i hardly got 6 or 7 of them right , rest of the objectives were a pure disaster.

We had technical problems in Watford 1:30pm sitting started around 4pm! I have 3 children under 7 (youngest is 1) so was very tiring and annoying to rearrange childcare!

It should be familiarity. And he was the auditor from 2 yrs ago if I remember it correctly so no self review threat I guess.

Yep the multiple choice where very tough

what do you mean left out?

left out? how

I choose the auditor should check any correspondence with the client. For the issue of share capital I have chosen that is an adjusting event and a provision must be made (as a contingent asset) There was one mcq if auditor can represent for the client with Companys lawyers. What's the answer to this?

Oh I didn’t have the internal control 5 components, I would have loved that one ? I had the application and general controls one!

I did my exam in Watford yesterday, exam suppose to start 1.30 and stared 4.15pm, . Un organised and unprofessional, this my 1st exam, I didn't expect this at all, we are paying money, ACCA must done better. It was a horrible day, at the Part A MCQ is very hard.

I think it’s best to forget about it, sit back, have a nice Mojito and feel like you’ve passed until results day! Cheers!!!

I was at the same session at Jury’s inn! Agree very unorganised and what a long day!!

I also found MCQ part more challenging than the section B. There was one question that stood out and really suprised me because I haven't remembered reading about that anywhere in the BPP study text, nor technical articles. I don't remember exactly the wording but it had something do to with choosing an opinion that will be issued and among possible answers there were: "manageable qualified" and "unmanageable qualified" or something like that. I am sorry to hear about all the technical issues in many places, that must have been really stressful...

The section A was something else, but I'm sure of up to 7 or 8 of my answers, however, the rest were guess work. As for the section B, the internal control question was way too easy(listed all 8 deficiencies and and recommendations), followed by all the 4 mark cheap questions in the section B. For the risk assessment question, i made sure to outline as many as i could (8)out of the 10 requested due to time constraints but only responded to one so, hopefully 9 marks from there. It was a 20 mark question, so you get 1 mark for identifying the correct audit risk and another for the appropriate response, making it a total of 20. I can't remember the rest, but the risk assessment question was 30 marks in total. For the substantive testing question (also 20 marks), i just winged it. I made sure to answer everything in the question, because for some answers you get wrong, you might get 1 or half marks for the rest. My advice is to make sure that you answer everything. Type away and fill up that answer sheet with everything piece of knowledge you have stored in your head. Some answers might seem silly to you, but acca is an exam where an "mere" half mark could be the deciding factor over your success or failure. Regardless of the outcome, i hope and pray that we all pass.

So sorry to hear about the technical issues and people missing out on the exam as it took so long. Due to covid 19 my exam will be held on 14th sep, at home. Do you think the technical issues could occur? Also, I hope everyone gets through it. My exam might be different though I feel scared about the mcqs... hope mcqs wont be tough during my exam. All the best everyone. Does the exams come different?

Can anyone please tell the question of control on which cylcle? purchase, sales, cash nd bank or payroll