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*** F8 June 2016 Exam was.. Instant Poll and comments ***

Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › *** F8 June 2016 Exam was.. Instant Poll and comments ***

  • This topic has 128 replies, 50 voices, and was last updated 8 years ago by rajeshryansingh.
Viewing 25 posts - 1 through 25 (of 129 total)
1 2 3 4 5 6 →
  • Author
    Posts
  • June 6, 2016 at 11:00 am #319748
    opentuition_team
    Keymaster
    • Topics: 1380
    • Replies: 1404
    • ☆☆☆☆☆

    Please vote in our Instant Polls about the F8 June 2016 Exam.





    Post your comments about F8 exam below

    June 6, 2016 at 11:42 am #319821
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 6
    • ☆

    Lack of time

    June 6, 2016 at 11:47 am #319826
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 6
    • ☆

    Hi, guys

    Who can recall the MCQ? (1)C ; (2)B (3)A

    June 6, 2016 at 1:13 pm #319856
    Mark
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    I think the MCQ are too hard!!

    June 6, 2016 at 1:24 pm #319859
    Vania
    Member
    • Topics: 1
    • Replies: 6
    • ☆

    For number 4 is it qualified and qualified?

    June 6, 2016 at 1:34 pm #319861
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 6
    • ☆

    i think that (4) A

    June 6, 2016 at 1:56 pm #319865
    Justda2ofus
    Member
    • Topics: 0
    • Replies: 7
    • ☆

    My McQ answers:
    1-c
    2-b
    3-c
    4-a
    5-d
    6-c
    7-c
    8-b
    9-d
    10-d
    11-d
    12-d

    June 6, 2016 at 1:58 pm #319866
    anik2016
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    what ia the Answer for that Walk through text 1 mark MCQ ?

    June 6, 2016 at 4:44 pm #319908
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    analytical procedure was the right one, i think.

    June 6, 2016 at 4:58 pm #319914
    Blank
    Member
    • Topics: 0
    • Replies: 22
    • ☆

    Analytical procedures?

    June 6, 2016 at 5:02 pm #319918
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    Q1. Ethical risks (10 marks)
    Q2. What are the procedures to obtain SAAE & the procedures on BANK balance (10 marks)
    Q3. Audit Report (10 marks)
    Q4. Substantive procedures ( PPE worth 6 marks) & (Equity worth 4 marks)
    Q5 A. Deficiencies in inventory system (identify,recommendation and TOC) 15 marks
    Q5 B. Elements of assurance engagement (5 marks)
    Q6 A. Define audit risk and its components (5 marks)
    Q6 B. Audit risk and responses (12 marks)
    Q6 C. factors that auditor should consider on the assignments given to service organization (3 marks)

    June 6, 2016 at 5:10 pm #319923
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    what deficiencies you guys identified?
    mine were
    1. counters from warehouse dept
    2. inventory sheets contains quantities
    3. separate sheets not sequentially numbered (assumed, as there were no indicator of being numbered)
    4. areas once counted were then not flagged.
    5. counters had given code to access the inventory system where higher value of FG were there.

    June 6, 2016 at 5:11 pm #319925
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 13
    • ☆

    in Q 4 it says Test of DETAILS..DETAILS are different from CONTROL.. test the details of what??. i think its not correct..thts what i think…analytical procedures are under TEST OF CONTROL

    June 6, 2016 at 5:13 pm #319926
    Don
    Member
    • Topics: 0
    • Replies: 17
    • ☆

    I was 30 min late but managed to answer all questions.

    June 6, 2016 at 5:13 pm #319928
    Laura
    Member
    • Topics: 3
    • Replies: 23
    • ☆

    I had the same deficiencies other than the sequentially numbered sheets I think the other one I put was the 2 people in the team didn’t have different duties and only counted the inventory once

    June 6, 2016 at 5:16 pm #319929
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    What was the question? Are you talking about 4th mcq?

    June 6, 2016 at 5:18 pm #319932
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    what procedure was to written on the audit report question in 1st issue (system hacked)

    June 6, 2016 at 5:26 pm #319937
    anikitina
    Member
    • Topics: 0
    • Replies: 5
    • ☆

    Yes, what audit procedure is required on the _completion_ stage of audit in the system hack case?

    June 6, 2016 at 5:29 pm #319938
    Laura
    Member
    • Topics: 3
    • Replies: 23
    • ☆

    I put obtain written representation as there is no other source of evidence abailable but it was a guess so not sure …

    June 6, 2016 at 5:30 pm #319939
    alexbenson1992
    Member
    • Topics: 0
    • Replies: 17
    • ☆

    For audit risks I also spoke about how 10% of it belonged to a third party whose stock was imbedded in the warehouse. So there was a risk that inventory could get confused- thus the auditor would be unable to search the area of a third party without permission from them.

    June 6, 2016 at 5:38 pm #319942
    Laura
    Member
    • Topics: 3
    • Replies: 23
    • ☆

    That question wasn’t asking for audit risks it was asking for test of internal controls was it not?

    June 6, 2016 at 5:41 pm #319943
    saajan
    Member
    • Topics: 12
    • Replies: 76
    • ☆☆

    heheh i also wrote the same procedure that Obtain written representation cosidering that the amount written on draft financial statements is correct nd complete.

    June 6, 2016 at 5:43 pm #319945
    alexbenson1992
    Member
    • Topics: 0
    • Replies: 17
    • ☆

    Laura- I stand corrected, it’s been a long day!

    June 6, 2016 at 5:44 pm #319946
    Laura
    Member
    • Topics: 3
    • Replies: 23
    • ☆

    No need to apologies I was thinking I had missed a question ?N

    June 6, 2016 at 5:50 pm #319952
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 4
    • ☆

    Mcqs were very tricky, however managed to complete all the questions.

  • Author
    Posts
Viewing 25 posts - 1 through 25 (of 129 total)
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  • The topic ‘*** F8 June 2016 Exam was.. Instant Poll and comments ***’ is closed to new replies.

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