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I’ve failed 5th time in audit. i always got 45+ marks. This time i failed at 49. Please help me out. Why i always failed in this subject?
Sorry to hear you failed again – and so close. Have you any idea how much you scored on the OT questions?
Have you ever managed to attend a course for F8? I think your problem must be to do with how you interpret the exam questions and then write your answers and attending a course might help there. The normal problems in auditing are:
1 Not addressing the question properly (eg a question says identify control weaknesses and recommend improvements and you only describe the weaknesses)
2 Not picking up information in the scenario and angling you answer towards those specifics.
3 Not writing in enough. For the 80 marks available on the written questions, you should be aiming for around 10 pages.
So Q2 in December 2014 required you to: Eg Q2 asked you to “Explain FIVE audit risks, and the auditor’s response to each risk, in planning the audit of Eagle Heating Co.)
So you had to explain (a sentence needed) and state your response (another sentence) and all be identified planning stage of the audit of Eagle Heating. The scenario is full of worrting information: increased inventory, payment break for a major customer, FD leaving after some sort of fall-out etc.
You would need to write at lease a page to describe the five risks and responses properly.
I tried best in my exam. I always understand the Q and i picked some sort of answer in Q. i don’t what is happend with me. Tell me what should i do now. How shuold i prepare audit now?
I think you need to try to attend a course.
If you cannot, do you have any friends or colleages who have passed F8 and to whom you could show some of your answers to past exam question?
I’m assuming you have good knowledge by this stage, so your problem must be in answer writing.
Look here if you haven’t already done so:
https://opentuition.com/acca/f8/acca-f8-revision-lectures/
Hello,
I have to resit my f8 for the third time. This time i have failed with 42%. Can you please tell me the best way to study F8? There is a lot of text to read and learn and I am finding it difficult to learn everything.
I am not sure if I am responding to the questions correctly however when I was doing them at home I thought it went quite well.
Thanks
Almost certainly your problem is properly addressing the questions rather than a lack of knowledge. Do you know how you did in the MCQ part of the paper? If you know the facts you should do well there. There are lots of MCQ questions here on Opentuition relating to F8 (a set for each chapter and then a 20 mark mock exam that draws questions from a large bank).
Do you write enough? For the 80% written part of the paper you should be aiming for 9 – 10 pages. You need to write in as much detail as time allows.
You also have to be careful to use the information in scenarios where given rather thn asnwering the questions as a theoretical list of points.
Beware ‘two-part’ questions such as: ‘Identify and describe’; ‘recommend and justify’, ‘explain …..and suggest the auditor’s response’. Many people answer only one of each pair.
I don’t know where you live, but if you can get on a question-based revision course it would probably be very useful.
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