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

Good for you indeed. we just have to wait and see! good luck everyone

Exactly, in ATX exam I have faced this. I was pretty confident that I am going to pass that sitting but I got 49 but I was aware though via opentution poll that I did mistakes in tax rates. And they made me fail for 49 and on the very next sitting with the same knowledge I got 69 in ATX exam, cause I was aware about the facts regarding the tax rates. They consider those tax rates are significant enough to fail u.

And same goes in AAA paper for opinion in reporting. Cause if u don’t know opinion u have no rights to pass in advance audit. Same for ATX if u don’t know about tax rates u will never going to pass.

Furthermore I don’t need clarification from opentution tutors here cause I have already faced this thing twice in my whole ACCA.

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

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.

Thank you for this. Please explain further

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?

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 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.

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,

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.

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.

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.

Do you recollect anything more?