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

This topic has 149 replies, 105 voices, and was last updated 13 years ago by Anonymous.

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June 15, 2011 at 8:23 pm #83795
ssherazz
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@vjsharksn
1st identify risk then tel what auditor shuld do for example
loss of customer due to busy website going concern issue
customer paying but not gettin tickets they wont trust company any more loss of sale
etc
June 15, 2011 at 8:25 pm #83796
ssherazz
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@kevinabela
yap they r also correct but they r only 4 marks u had to write 5 more
June 15, 2011 at 10:57 pm #83797
claudeverson
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Hope all is well this time around. I received the greatest disappointment with this Paper F8 which I always conclude to be the easiest among its peers I’ve encountered.
June 16, 2011 at 5:52 am #83798
Anonymous
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@ssherazz said:
@mschembri
yap but in the senario he couldn’t rely on him becoz he made a mistake so u shuld hav write that aswell
else above 4 are correct
@ssherazz said:
@mschembri
yap but in the senario he couldn’t rely on him becoz he made a mistake so u shuld hav write that aswell
else above 4 are correct
so to recap the above 4 should be stated as well?
June 16, 2011 at 9:41 am #83799
Anonymous
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it was rather ok for the first time,although i felt time pressured & did not answer all questions that properly..i feel 50/50 with my performance and hope just for the ”golden 50”…that we”ll do..
June 16, 2011 at 10:18 am #83800
Anonymous
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audit evidence relates, to: recalculation,analytical procedures,reperformance,inspection, observation. You have to define them and give an example from purchases or other expenses if i am not mistaken. i only gave examples relating to purchases.
correct?
June 16, 2011 at 1:11 pm #83801
selmta
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I face short of time, but the exam was ok !
June 16, 2011 at 4:04 pm #83802
Anonymous
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@selmta said:
I face short of time, but the exam was ok !
yes audit the same problem..if i had another 30 minutes i will be more confident
June 17, 2011 at 10:32 am #83803
ssherazz
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guys question no. 1 part b answer here it is
https://worldacademyonline.com/article/15/299/sample_audit_program_for_trade_accounts_and_notes_receivable.html
June 17, 2011 at 10:33 am #83804
ssherazz
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many guys wrote abut audit objectives but the question was abut procedures
June 17, 2011 at 10:33 am #83805
ssherazz
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many guys wrote abut audit objectives but the question was abut procedures
June 18, 2011 at 1:47 am #83806
Anonymous
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@ssherazz:::: m just sayin how easy paper was and its obviouse the answer to scenario has to be practical…….so i did that over there. further despite of all goody goody paper i m still expecting to get min and max 50… thats all i need and that all my target was..
June 18, 2011 at 8:49 am #83807
ssherazz
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@mudassarmehmood ok
June 20, 2011 at 2:22 pm #83808
Anonymous
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dear all
obtaining a sample of receivables to ensure that the credilt limit is not exceeded is a test of control??
June 20, 2011 at 2:43 pm #83809
ssherazz
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@mschembri yap
June 20, 2011 at 3:07 pm #83810
Anonymous
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thanks 🙂
June 21, 2011 at 10:22 am #83811
Anonymous
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5th question was difficult
June 24, 2011 at 6:20 pm #83812
Anonymous
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Q1 Tocs
segregation of duties
credit limit check with sample of invoices
approved prise list
approved discounts
double check by staff is observed or not
June 25, 2011 at 9:48 am #83813
Anonymous
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Fair paper i think. being first time attempt i feel it was ok and hope to pass. but you never know with these kind of exams!!
June 28, 2011 at 10:49 am #83814
flora
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The paper was fair thanks to Open Tuition
June 30, 2011 at 2:59 am #83815
Anonymous
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it was easy yeah q3 was not easy but overall it was easy and i dnt think its that lengthy
July 1, 2011 at 10:03 pm #83816
Anonymous
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really better than last december. surely, i shall pass insha allahu
July 2, 2011 at 8:35 am #83817
Anonymous
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was a bit tough coudn’t complete some part of the questions
July 4, 2011 at 1:33 pm #83818
godsaves
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It was okay or manageable.
August 2, 2011 at 6:00 pm #83819
Anonymous
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One can guess my busy job schedule in the sense that i am participating in this discussion when the result of F8 is nearly three weeks away. I must say that i was granted 3 days leave to prepare and take up my F8 paper and guess what these were the only days that i studied F8 contents and my only source was “open tuition.com notes”. Surprisingly, in contrast to my own expectations i did quite well. Since it was my first attempt therefore i am not finding myself able to compare it with past appers except for that while going through the past papers i had realised that passing F8 paper is hell of a job. I hope I get results in my favour…just keeping my fingers crossed
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