Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › *** F8 September 2015 Exam was.. Instant Poll and comments ***
- This topic has 58 replies, 30 voices, and was last updated 9 years ago by PANDA.
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- September 11, 2015 at 7:16 am #271181
There was something like internal control adhered…and adequacy…to the accounting policies..
I doubt VFM was for the 3Es so I put Financial pffff
September 11, 2015 at 3:04 pm #271303I was thinking to put management, but thought couldn’t be so easy 🙁
September 11, 2015 at 5:20 pm #271341Anybody remember in question 3 about sampling there was one question in first part what was that?
September 12, 2015 at 11:10 am #271472Four types of audit sampling
September 14, 2015 at 12:33 pm #271756AnonymousInactive- Topics: 0
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Well 0.8% approximate that you get 1%. I had the same challenge and I went with material. The second one is material and pervasive because it is a going concern issue not properly disclosed and another issue was identified. Hence and Adverse opinion should be issued.
September 14, 2015 at 12:42 pm #271758AnonymousInactive- Topics: 0
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Management is responsible for the compliance with laws and regulations. It is their primary responsibility, same as with the preparation of the F/S and Fraud and likewise, carrying out Going concern assessment
September 14, 2015 at 12:50 pm #271760AnonymousInactive- Topics: 0
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The auditor shall obtain reasonable assurance on compliance with laws and regulations that are generally recognised to have direct effect on material amounts and disclosures. The auditor shall also perform specified audit procedures to identify instances of non-compliances of items that have material effect on the F/S.
The auditor does not have any responsibility to ensure an entity complies with laws and regulations. Part of the audit procedures is to enquire from management whether the entity is compliant with laws and regulations and to request for written representation from management and those charged with governance on whether non-compliance have been reported to the auditor.
September 15, 2015 at 12:27 am #271861I believe F8 time needs to be revised.. Loads of requirement but short time
September 15, 2015 at 10:19 am #271933well….exam was ok but apparently i almost forgot what i have written on answer papers….lol
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