- This topic has 99 replies, 60 voices, and was last updated 10 years ago by
.
- Posts
Paper was ok…I had time issues towards the end…couldnt write/explain many points that i knew :/ Will i pass ?
- Topics: 0
- Replies: 13
- ☆
I hope i will pass inshah allah
I liked this paper. But my hand was very tired because of writing too much 🙂
It was a little hard to identify audit risks in question 2, as my brain proposed a lot of business risks – and they are not audit.Straightforward enough.. Pretty easy and similar to previous paper..
Alot nicer than f7 🙂
documenting for audit evidence, for supporting audit evidence, supervising..directing and reviewing audit teams work…
i wrote all these points..hope they were enuf lol
It was a good paper, hope I pass if marker can read my writing as rushing to get it all down towards the end. A lot better than f5
foreign ex risks were good :)…but that dint pop up in my head while i was writing,,,
and regarding goods in transit…wasnt it mentioned in the qstn that they were recorded properly
- Topics: 0
- Replies: 4
- ☆
paper was ok but couldnt have proper time management..
about the good in transit thing i dont think there was a risk as they specifically said that goods were recorded as received but i mention that the goods may be damaged since there is no evidence that the goods are checked when received which could overstate inventory figures and other audit risk i mentioned are- about revaluations, is the expert valuer qualified enough?
and does the accountant have experience and knowledge enough to do the proper accounting treatment since a revaluation affects various accounts.
also the increase in sales could be a manipulation by employees to obtain the bonus or they are selling products below cost price which could explain the sudden increase.
levels of receivables have also increased and some customers have been identified with credit concerns which means that there are no credit worthiness check which could results in a lot of bad debts thus misstating accounts.
and i forgot what i wrote more loldoesnt business risk form part of audit risk? since inherent risk which can be considered as business risk x control risk x detection risk = audit risk
Paper was Easy I think but it was extremely lengthy, I really Hope to pass this paper with good marks Insha’allah
It was clearly stated in question 3 that goods are CORRECTLY recorded as received so there was no answer was there. However, the examiner is very lovely and this was the best F8 paper I have ever seen. Cheers to Pami Bahl, you are the best!
yea i agree with you maybe its her gift to us before the exams changes structure that is mcq based lol
hope f9 will b similar
however straightforward paper, cannot say anything further cause f8 is an unpredictable paper, u may be shocked when results are out
Wish everyone goodluckHaha true her ‘gift’ to us, I wish she could also be the P7 examiner. I just love her and her answers. I didn’t have any support, all I had was her answers and that helped me a lot.
All I had a problem with was question 4. The scenario on corporate governance was quite tricky. I wrote about the ‘close friend’ thing but don’t know if it’s right. It was quite tricky. Question 4 (a) was good.
Yap you are right. The more you think you are going to pass in F8, the less your chances are. I heard that from my lecturer, in the end it boils down to personal preparation.
@tommy they are both inter-related so this may not be a concern
and the definition of audit risk is the risk that the auditor expresses an audit opinion that the
financial statements are fairly presented when they are materially misstated.
- The topic ‘*** F8 June 2014 Exam was.. Instant Poll and comments ***’ is closed to new replies.