AA*** F8 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

I agree with a lot of things that are being said so fingers crossed. Only one bit though I gave an adverse opinion on Q5 for the first one because I think land should not be depreciated. Thus the accounts are not free from material misstatement. Also found the question a bit misleading as we were referring to one company and yet had to give different opinions to the same report! But to cover myself I mentioned this after giving three different types of opinions.

Easy, Bizee, Lemon squezee.... should better organize my thots before writing an answer. I wrote too much but should pass. The examiner may be happy with the results this time.

Hey does anybody know if passing a pPer in two sittings matters when it comes to job, and does it matter if overall u ve got passing marks in most subjects???

Easy paper! Many thanks to examiner!
Did not feel any time pressure, so expecting a good passing mark.
Hopefully F9 and P1 will be easy too.

guys a small query

if in question 3 a, you first mention the proper answer but then cross out the answer out of doubt leave only analytical procedures and include written documentation, auditor work, ect. will i get some marks for the examples of substantive procedures examples and the analytical procedures part? (that external confirmation part was a dirty trick)

all in all an easier paper than last semester one (i got 49 last semester grr), i felt much more prepared but there was so much to write about - time was a problem.

I was very strong on question 1,2,5,3B in particular

I only messed up in 3a.

4 i answered both scenarios, what i though is that if a company has proper system set up that differentiates the internal audit function from external auditors (Having a parent co which has diverse companies run by different people) i believe the company could provide internal audit services and external audit services. If there was not this set up it would be impossible to remain independent

For the second part the women had to drop from her engagement or son resign from his post, and optionally, dissasociate herself from the audit, or refuse the audit engagement (she may take up the competitor)

I think i have a pass in 4 but i don't know the correction policy .

what do you think? can that consitute a pass?

Hey guys, i wish yo uall the sucess in the exams, i thought the paper was fair, and ok. I counted the nanrks i thought i would get in the paper and calculated it to 79% than i relised i was propbably being generous and down sized it to 69% lol

Hopefully i have passed! I have put all my notes away, hoping to dispose of them after my results!! F9 tomoz!

Question 3a,

the 5 audit procedures? please tell me that they were enquiry, inspection e.t.c

there are mis understandings, and i want to make sure that i have the correct answer!

Its was alot of writing, the girl next to asked for additional paper, lol... but i felt the exam was do-able... really looking forward for a pass.

Its was alot of writing, the girl next to asked for additional paper, lol... but i felt the exam was do-able... really looking forward for a pass.

Question 2...

Advantages and disadvantages of ICQs and narrative notes, probably the least revised topic and for 6 marks, ISAs should have been discussed.

Yes but there is not such thing as land depreciation.It was a trick question?

I agree.,,,It was a nice and fair exam...
Did the Q5 first, then Q2 and Q1, Q3 &4..
Attempted to 82 marks.. souldnt complete Q4..

Q-1 was quite straight forweard with Fraud part aeparated in Scenario at ease..
Inshaallah.. Looking for a Pass this time..

it was a fair exam..
With most questions straight and simple.
did up to 82 marks... couldnt write too much for Q-4

Just wondering how the examiner marks for incomplete papers..
Inshallah.. anyways looking at the question req's i n answer compared
..Hope for a Pass..

The exam was fair , I am very happy , I am dreaming to get the foundamental certificate after passing f9 in Dec , I am dreaming ,I feel god will help me to achieve the objective

The exam was fair , I am very happy , I am dreaming to get the foundamental certificate after passing f9 in Dec , I am dreaming ,I feel god will help me to achieve the objective

I'm slightly annoyed - I was only able to answer 1, 2, 4 & 5 and was unable to answer any of those fully. The exam was very passable and I didn't prepare adequately. It's my first attempt at an ACCA exam so I know I'll take need to prepare much more thoroughly next time.

OK.. Question No. 5 was meant to be given an over all opinion as you cant give 3 audit reports to one company. You had to discuss 3 of them and write down your views with regards to any changes that would be brought into the audit report.

It was hinted in the paper and some student might have scored good marks. When ever there is an emphasis of matter the audit report couldn't be Qualified. there would be no point of emphasis of matter in a qualified report.
Article by CAT paper 8 examiner

damn i also answered on audit evidence shit.... will see in august what will be the result

@garygood said:
On hindsight, I think I may have misunderstood the outsourcing question, I didn't realise they were thinking of giving the job to the auditing firm, or were they? Also, on the dis/advantages of narrative notes, was she also asking the same about ICQ's, I only wrote abote the notes, gripes.

Also on the audit report re the corrupted wages back-up thingy, I argued that it was limitation of scope, sure but only merited an "...except for..." qualification because the failure wasn't pervasive enough to merit a stronger qualification.

The guy sitting in front of me asked for two(!) extra scritps, completely put me off.

It was passable, but I don't think I've done enough. This is so annoying.

If u were at the dubai centre and the guy in front of u was in blue shirt then it was me. Sorry to put u off if it was me.

this exam was definitely a good one. i was expecting it to drive me nuts, but time pressured especially to complete question 5.

Cant believe i was the one writing in the examination hall. auditing hasnt been my favourite,but this paper was easy. opentuition video was very helpful.thanks alot.

I felt time pressure too and many who have posted on the forums felt the same. However i attribute this to the relatively easy questions and our excitement to write everything we know. Its very very important to plan the answer and learn when to stop.

This was a fair paper. Very passable once you did the work. Ran out of time even though I tried to answer the questions sticking to time limits. Hoping for the best.

Nope. I'm in England. It seems everybody was writing away...except me :(

Alhum du Lillah (Thanks to ALLAH) the paper was fair, but lengthy thou

I hope and pray to LORD that we all pass with flying colours. AaMeen

@garygood said:

Quote:

@musema said:
If u were at the dubai centre and the guy in front of u was in blue shirt then it was me. Sorry to put u off if it was me.

Nope. I'm in England. It seems everybody was writing away...except me :(

Dont worry also depends on the writing style. I began each question and subquestion on a new page. Words cud be more spaced out and some ppl also write on alternate lines. All that cud add up scripts. Also i reckon i wrote too much detail which may have not been required. As far as you covered key points and made sense, you are on your way to pass. Do let us know if you pass.

The F8 paper was fairly ok. Q1 was lengthy and I made a mess of part (a) 12 marks I explained about control activities - SACCAMAP for "test of controls" instead of Enquiry, Observation, Review, Inspection and Testing "ROTIE" - accronym I use. I did not get to attempt Q3. I am doomed I miss even the border line on passing. Q4 and Q5 were Ok. To all who maybe gloomy now, cheer up!!! Hey we still have another chance to put up a fight with this "BULL" Dec2011.

I see that the tutor got it right with the tips. I hope Mr. F9 on the ball to.

It was a very good exam. More easy to pass than fail.

This paper was a good paper in comparison to the Decenber paper. While studying I reviewed December paper and it seemed long as hell. This paper was far better but still was a lot of writing.

Question 1 was a little intimidating because it required so much writing spent 1 hr. just answering this question. The other questions I had not much problems with only was a ton of writing trying to make answers as clear as possible. only thing with this exam was the point allocation; some questions required more writing than the points seemed to indicate in order to produce a clear answer.

Answered all questions so hopefully it's a pass, have to wait for results.

it was easy but lengthy