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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@kevinabela
yap they r also correct but they r only 4 marks u had to write 5 moreHope 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.
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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 correctso to recap the above 4 should be stated as well?
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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..
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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?
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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..
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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??
@mschembri yap
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thanks 🙂
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5th question was difficult
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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- Topics: 0
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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!!
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it was easy yeah q3 was not easy but overall it was easy and i dnt think its that lengthy
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really better than last december. surely, i shall pass insha allahu
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was a bit tough coudn’t complete some part of the questions
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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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