AAA*** March 2022 ACCA AAA exam – Instant Poll and comments ***

Even one of my tutors stated, do whatever answer u can it's okay if your answer is not relevant towards the case study. But make ensure that it's not okay to make fundamental errors in any of the professional or F level papers cause in order to pass the paper u have to impress the marker. Remember that

Good luck for your exam result too... And don't be scared the way u have provided the opinion was appropriate... But I should be scared in this circumstances cause I have un-noticed that report portion of the question

I am a former ACCA examiner - I was responsible for overseeing the marking of up to 14,000 scripts an exam session. I can tell you that there are RIGOROUS processes for checking all scripts with marginal fail marks. A significant factor in a second marker/moderator "finding" an extra mark is how much of the exam was tackled in the first place? Failure to answer 20% of the exam can certainly be a "kiss of death" for a marginal script - no-one can give an extra mark for what isn't there.

I understand your frustration with these exams. All the best! if we don't make it hopefully, next one we learn from our mistakes.

Thank you for this. Please explain further

i just find it strange that an examiner will give a fail to a candidate that scored 60% overall because of an incorrect opinion, compared to students that simply didn't attempt that question at all for reasons like "running out of time".

Yes cause they considered you incompetent to pass the paper if u make fundamental error, i have seen a lot of questions in this AAA forum regarding the fundamental errors who failed in 49/48/47 despite of giving very good answers and tbh tutors are running here and there while answering the query, I still don't know what would happen if they do agree the matter regarding the fundamental errors?

No, both are same culprit the one who ignored the question on the basis of running out of time and the one who has provided a wrong opinion.

Then tell me how on earth a person with the same knowledge can be able to get 69% on that very next sitting? With the same knowledge and approach of writting I still didn't get logical answer from this forum

i don't know about this. i remember vividly in my P5 exam i did not attempt 15% of my exam but i scored 64% to pass. This is genuinely because i simply ran out f time, gave bullet points for the remainder and may be the rest 85% were extremely good to give me a pass. i honestly don't understand the logic. My tutor had always told me, if you are running out of time, give bullet points which might give you some marks that could get you over the line.

I am actually checking this question with some senior auditors, the impact on the audit report. I do think, making fundamental errors won't earn marks though. its either you know it and give points to score some or all of the marks or you don't know and the answers are not what the examiner expects. Giving an opinion, requires the auditor to 1st perform procedures (require with mgt etc) so i am sure if you give some points and you might get some marks and may be not giving and opinion at all. Giving a wrong opinion on the other hand, hmm might not get marks. There's a marking guide at the end of each question on the Kaplan workbook. i have also seen where Kaplan have given adverse / disclaimer of opinion while stating the reasons for both.

wish everyone their best for results.

akshayv73 wrote:

ranapardeep87 wrote:There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.

Uncorrected misstatement to profit 1.6 M, Profit before tax 22.4 M, I think its material,

Yes true that, agreed with u but the point u made it if markers consider that point too I am going to pass that exam... I hope marker will do understand And secondly your point, that question asked us "consider the implications of audit and impact on the audit report" which worth 6 marks. I have already given there 5 implications of audit. Actually there were 3 marks for implications and 3 marks for opinion. I didnt left that part fully. I know it's not a wise decision at least in p7 to left a portion or part in the question.

7122517f wrote:Then tell me how on earth a person with the same knowledge can be able to get 69% on that very next sitting? With the same knowledge and approach of writting

I'm sorry I have not responded to every post on this forum today - you may not have noticed but there were major issues with remote invigilation on this morning's exams which took up a lot of my time. Of course I cannot say precisely but I am sure that there could be lots of contributory factors - using wrong rates and allowances throughout an entire exam could account for quite a few marks and could have consequences - if deriving a completely wrong outcome any subsequent discussion might not be able to earn the same marks. I can only make an analogy with AAA - if a candidate calculates a misstatement to be not materials there's not much to write if they were supposed to determine that it was material. And it's not possible to have "exact" same knowledge - the process of having sat an exam and any subsequent review of and the mere elapsing of time might all contribute to a better performance in a later exam.

So what's your point? Regarding AAA papers? If a student fails in 49/48 he got that mark? What if a student doesnt provide audit opinion which worth 2/3 marks just because of extreme time pressure eligible to pass if he has done well in the rest of the part of questions?

I wasn't trying to make a point, I was responding to the possibility that a candidate could get a significantly higher mark at a later attempt. A candidate will get a mark for every technically correct point that is relevant to the scenario - there is no negative marking (i.e. no marks can be deducted from marks that have been validly earnt). The omission of a conclusion (e.g. opinion) on a question would not, of itself, result in a fail because sufficient marks to pass could be earnt elsewhere.

ranapardeep87 wrote:akshayv73 wrote: ranapardeep87 wrote:There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.

Then i must have got some other question paper with different profit before tax figure because in my case only due to non recognition of payables of 5.5 million opinion was modified. All the best for your result

There is too much typing in AAA than any other paper not completing the paper must not be a sign of incompetence. Only 1/4 or 1/2 is examined of the whole syllabus nowadays, worse more we all get different questions depending on when and where we write some might be lucky to get better questions. In SBR and SBL due to time pressure l attempted 70% of the paper and l passed with 56% this is fair marking. I try to write quality not quantity. In AAA the examiner must apply the same principle.

It is pretty fine. It is material as 1.6 >1.0

Do you recollect anything more?

If you don't attempt the business risk section of Q1 but attempt all other questions, would that count as fundamental mistake ?

ranapardeep87 wrote:

akshayv73 wrote:

ranapardeep87 wrote:There was a misstatement which was material, as acturial gain was recognised in profit and loss and not oci, so auditors provide the correction entry to be made, if not corrected opinion and report will be modified.

You can also note that on aggregate the misstatements become material.

What will be the best option. Study SBR first or AAA. I am short of time to do SBR for Sep22. Please let me know thanks.

@knight15 - welcome to OpenTuition's forum - but you should be writing a new post on the most suitable forum (this one if you want a student answer or the tutor forum if you want a tutor answer) - as this is an old thread for a poll. Short answer - SBR before AAA - https://opentuition.com/topic/aaa-and-sbr-2