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*** F8 December 2014 Exam was.. Instant Poll and comments ***

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › *** F8 December 2014 Exam was.. Instant Poll and comments ***

  • This topic has 308 replies, 78 voices, and was last updated 10 years ago by Sam123456789.
Viewing 25 posts - 126 through 150 (of 309 total)
← 1 2 3 … 5 6 7 … 11 12 13 →
  • Author
    Posts
  • December 5, 2014 at 1:43 am #217762
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 3
    • ☆

    yes it was….20 marks

    December 5, 2014 at 1:56 am #217763
    Hong
    Member
    • Topics: 26
    • Replies: 85
    • ☆☆

    Thanks Anas!
    But I only wrote for material and qualified opinion!
    I thought it mention is material…

    December 5, 2014 at 2:56 am #217766
    highlyfavoured63
    Member
    • Topics: 0
    • Replies: 9
    • ☆

    For test of control, you Inspect, observe, reperformance and recalculation, testing and enquiry

    December 5, 2014 at 4:17 am #217770
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 171
    • ☆☆

    @wayhern said:
    Thanks Anas!
    But I only wrote for material and qualified opinion!
    I thought it mention is material…

    The question said it was material so yes a qualified opinion. I also indicated that an except for paragraph will be included (my opinion tho, I may be wrong) but the examiner said we should not use the scattergun approach so I made up my mind to go with that.

    December 5, 2014 at 4:37 am #217771
    ricardo
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    Was the outsourcing questions a mcq or written. Some 1 please reply

    December 5, 2014 at 7:10 am #217800
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 16
    • ☆

    where was the question about wages? Did I missed it?

    December 5, 2014 at 7:45 am #217806
    Sam123456789
    Member
    • Topics: 18
    • Replies: 460
    • ☆☆☆

    Yes Anas

    I done the same thing for Q6 part C as we were not told about the materiality so we had to speak about both.

    I also mentioned towards the end, if matter is material and the directors refuse to amend, than they should consider resigning as the FS are material misstated and therefore do not give a true and fair projection.

    December 5, 2014 at 10:44 am #217862
    aitezazshah
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    its risk of mm+detection

    December 5, 2014 at 10:45 am #217863
    aitezazshah
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    @saajid said:
    Mcq’s seem to be easy considering there were questions as follows :

    Audit risk consists of two components : Control risk and Inherent Risk
    (A) True
    (B) False

    -,-

    its risk of mm+detection risk so false

    December 5, 2014 at 10:49 am #217868
    aitezazshah
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    @saiga said:
    What is not a benefit of outsourcing internal audit?

    the beleif tjt it will bring the costs down coz u have t restaff or redundancey,,,

    December 5, 2014 at 10:51 am #217870
    aitezazshah
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    @rcc002 said:
    Darkeye
    1-I choosed Observe the staff is following the Counting instruction
    2-Inspect the counting intsruction something like that options…

    to obtain count istructions is before counting so wrong its observe for damage stock

    December 5, 2014 at 10:57 am #217876
    aitezazshah
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    @claremmorgan said:
    There were the 12 MCQ’s in Section A, and 6 Questions in Section B. Question 6 was worth 20 marks. It was on the back page of the question booklet 🙁

    lol i i saw it in last 10 mins and wrrote 15 marks,,,,

    December 5, 2014 at 11:07 am #217880
    w1352325
    Member
    • Topics: 3
    • Replies: 6
    • ☆

    Does somebody knows how was the structure of the marks in yesterday’s exam?
    Thank you

    December 5, 2014 at 11:18 am #217890
    stacey
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    does anyone remember what Q3 was abt in section B?

    December 5, 2014 at 11:20 am #217895
    tallaghthoop
    Participant
    • Topics: 0
    • Replies: 108
    • ☆☆

    Section A
    Q1 20 marks
    Section B
    Q1 10 marks
    Q2 10 marks
    Q3 10 marks
    Q4 10 marks
    Q5 20 marks
    Q6 20 marks

    December 5, 2014 at 11:26 am #217899
    tallaghthoop
    Participant
    • Topics: 0
    • Replies: 108
    • ☆☆

    You have to gain time in section A, just as well I was done with MCQ using reading time & 10 minutes into exam I was in section B, the 10 markers took the longest, between 20 and 25 minutes per question, it should only take 18mins. Left me 1 hour and 20 minutes to do Q5 & Q6.
    Q5, the sales system took me 40 mins and Q6, took similar time…just got in on time…

    December 5, 2014 at 11:35 am #217904
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 171
    • ☆☆

    @aitezazshah said:
    to obtain count istructions is before counting so wrong its observe for damage stock

    Observing for damaged stock is not a test of control. It’s a substantive test, I think the question asked for tests of control

    December 5, 2014 at 11:40 am #217907
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    the question said “during the count” plus the option said observing the client staff noting damage goods so it is test of control. substantive would be things like reviewing invoices for cost and sales nrv etc. basically anything where you test the balance on bal sheet.

    December 5, 2014 at 11:47 am #217920
    arslan14
    Member
    • Topics: 2
    • Replies: 38
    • ☆

    Anyone need free ACCA F8 kit 2014 PDF version can contact me here:
    arslantaher@live.com

    December 5, 2014 at 11:50 am #217922
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    does anybody remember the eng letter mcq? i think it asked us what not suppose to go in there.

    December 5, 2014 at 12:21 pm #217943
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 171
    • ☆☆

    @usamaniaz said:
    Yes Anas

    I done the same thing for Q6 part C as we were not told about the materiality so we had to speak about both.

    I also mentioned towards the end, if matter is material and the directors refuse to amend, than they should consider resigning as the FS are material misstated and therefore do not give a true and fair projection.

    Resigning? That sounds extreme though

    December 5, 2014 at 12:24 pm #217945
    abbas7796
    Member
    • Topics: 135
    • Replies: 256
    • ☆☆☆

    yes you are right since resigning comes if there is no option and that happens after the report is singed. i think the question gave us info that report wasn’t signed yet. can you confirm plz?

    December 5, 2014 at 12:24 pm #217947
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 171
    • ☆☆

    @aitezazshah said:
    to obtain count istructions is before counting so wrong its observe for damage stock

    I still believe that guy is right though cos ure observing that the counting is being done as instructed. Doesn’t matter anymore though. We wait for Feb

    December 5, 2014 at 12:27 pm #217948
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 171
    • ☆☆

    @abbas7796 said:
    yes you are right since resigning comes if there is no option and that happens after the report is singed. i think the question gave us info that report wasn’t signed yet. can you confirm plz?

    Yes you’re correct; we were asked to consider the effect on the report.

    December 5, 2014 at 12:31 pm #217950
    gift
    Participant
    • Topics: 2
    • Replies: 1
    • ☆

    overall it was okay but did’t touch qn 6

  • Author
    Posts
Viewing 25 posts - 126 through 150 (of 309 total)
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  • The topic ‘*** F8 December 2014 Exam was.. Instant Poll and comments ***’ is closed to new replies.

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