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already i had sit for f8 5 times . first time it was 45 then 46 , then 41 then 49 and finally march 2017 session it was 44. how do i overcome ? recently i am taking preparation for june 2017 session . please give me some advice .
Sorry to hear about your recent result.
I assume that, by now, you know the theories and factual content. Therefore, your problem must be in properly addressing the question, its information and its requirements.
You also have to write in sufficient detail. For 10 marks you should be writing about 1.25 sides. Everything has to be explained as fully as you can.
All I can suggest is ensuring you write in full detail, pointing out EXACTLY what the issues/problems/ controls/tests are. Then look critically at the differences between what you said and what the model answer says.
If you can find a course for 1 or 2 days that concentrated on exam technique then that would be a good investment.
I can also assume that, you know the theories and factual content. your problem might be addressing the question, its information and its requirements properly.
For instance if u are required to design substantive procedures, u need to understand what assertion(s) is being addressed and dat assertion fulfils which objective.
Also think (if u were to test control) of what might go wrong (weaknesses) in dat particular component u auditing n what shud hv been done correctly (recommendations).
It is also vital to know your accounting standards. E.g auditing PPE requires u to know IAS 16, 36, 12, as well as relation between IAS 40 n 16 etc.
This is a mind set u need to have in order to excel in auditing. Practise more question with reasoning.
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