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So, here it goes,
1.D
2.A
3.A
4.B
5.B
6.C
7.C
8.B
9.B.
10.A
11.B
12.DLike to add, SUPER lengthy paper, if only there were 5 questions instead of 6, 5 is enough to examine the whole syllabus 🙁
I don’t think it is so difficult, 4 of the questions are really easy combined with the MCQ’s the possibility for pass is high.
I can’t remember all of my answers.
1.D
2.D
3.A
4.A
5.C
6
7
8
9
10 A
11 B
12 DI feel like this exam went fairly well but I wasn’t as prepared as I would have preferred to be and so I may be in a blissful unawareness! I thought there was quite a lot of audit procedures questions but that might just be what I remember most because it was in the last question that I did.
Fingers crossed until the 1st Aug now, although hoping to do F4 while I’m waiting so hopefully it will go quickly!!
Good luck everyone 🙂
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How was the exams???.. time wasnt enough for me that i couldnt finish on time…any one wanna share answers
F8 seems fair for those prepared well. hope pass will be granted. see you P1 next week.
Q3. receivables misstatements were material and pervasive? Inventories misstatements were material and pervasive?
I think both were material, but first one is qualified opinion (receivables), and second oe (inventory) is pervasive with disclaimer opinion.
imo.. both were material but not pervasive, because the materially was reflecting one figure, but did not effect everywhere in the SOFB..
I don’t know how everyone manages to recall their multiple choice answers so well!
A fair paper overall, especially compared to the disaster that was F7 yesterday.
There were a few tricky MCQ’s in there, I felt they were a lot tougher than ones I’d practiced from Kaplans material, Dec 2014, specimen etc.. From memory question 4 (?) caught me out involving the IASB and something else? Also, I couldn’t get head around the question about the final review. I went for the answer on reviewing compliance with standards/regulations, pretty sure I was incorrect with that one though.
i never discussed about going concern – i think i did ok – i messed up with question 6 – i knew half of it but ill think ill pass
What did everyone chose for Internal Auditor or External Auditor reports to Those Charged With Governance. I chose Internal Auditor as I thought External Auditors report to the shareholders. What a strangely worded question.
Exactly^^ @ Jack…
those MCQ’s looked very simple in start, a few, and then it just went too tricky, there were very tiny bits of information that changed the whole picture & they were definitely a lot more tricky than the ones in BPP and Kaplan..
The IASB – i think that was incorrect, because if I recall, its the IAASB International Auditing and Assurance Standards and not IASB – Int;l Accounting Standards.
@ej74 that was a very strange question indeed, for 2 marks, I actually thought its 1 mark for each right option meaning 2 had to be selected, eventually though I had to proceed with 1 😛
I choose charged with governance because they did report if there are any deficiencies for example or difficulties during the audit.
There is no requirement for qualification by internal auditors. I forgot the other 2 possibilities.
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