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Have done lots of mock exams .
In f7 & f8, I keep on getting the mid 40s mark.
F7. I miss marks on the MCQ
EPS
INTANGIBLE ASSETSThe main weak points.
F8 – My audit risks are ok, but the audit response I cannot seem to get the full mark.
Any tips or comments would be helpful.
Here are comments on audit responses taken from the M18 examiner’s report:
“… an auditor’s response does not have to be a detailed audit procedure,
rather an approach the audit team will take to address the identified risk. However, the responses given were sometimes too weak e.g. “discuss with management”. Responses also sometimes focused on what management should do rather than the auditor, and/or, were inappropriate to the scenario.
‘Hurling Co’ from the ‘Sample March/June 2017 Questions’ is a good scenario based question on audit risks and responses to practice.
Audit risks and response questions can also be linked with a factual knowledge question; ‘Cupid & Co’ from the ‘Sample September/December 2017 Questions’ being a good question to practice.”
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