Comparing june 2014 audit risk question with March 2016 audit risk question

In June 2014 exam Question 3a), it is stated in the question that

“Recorder has a policy of revaluing its land and buildings and this year has updated the valuations of all land and buildings.”

This means that the valuation has a already taken place right ?

In March 2016 exam Question 6b) it is stated in the question that

“The company has a policy of revaluing land and buildings and the finance director has announced that all land and buildings will be revalued at the year end. ”

This means that the valuation has yet to take place right ?

Does this matter in order to be able to answer the question?

My answers are slightly different from the answer key.This is my answer for the March 2016 exam,

Audit risk : The company has a policy of revaluing land and buildings and the finance director has announced that all land and buildings will be revalued at the year end.

Property, plant and equipment could be under or over valued, if the valuation is not carried out in accordance with IAS 16 Property, plant and equipment and if adequate disclosures are not made in the financial statements.

Auditor’s response: Discuss with management the process adopted for undertaking the valuation, including whether the whole class of assets was revalued and if the valuation was undertaken by an expert. This process should be reviewed for compliance with IAS 16.
Review the disclosures of the revaluation in the financial statements for compliance with IAS 16.

Will my answers be accepted ?