*** P1 June 2011 Exam was … Post your comments here and vote in Instant Poll ***

It can be said as OK or even easy

But not easy to construct points from scenarios
It’s passable

I did 1,2,4 by the way

q1) internal control measure + explanation
Kohlberg 3 levels
AGM vs EGM
usefulness of EGM on whistleblower issue
CEO statement on EGM
roles of CEO
argue decision based on pristine capitalist perspective

q2) criticise about beliefs on risk assessment
TARA on risks
what are related risks? prove risks E&F as positive correlated

q3) did not attempt
a) difference between charities and public listed companies. and how these differences influence the governance structure (9marks)
b) define ‘transparency’. case for ‘transparency’ in HHO (8marks)
c) how AC could assist to mitigate the internal control deficiencies in HHO (8marks)

q4) IFAC 5 ethical threats
explain some they arises due to excessive gifts and hospitality in the case
critics behaviour
explain how it conflict with duty of uphold public interest
what is insider trading?
why unethical/illegal

risk, audit committee, kohlberg’s level, the difference btw charity and public listed company…

The paper is more on audit which I didn’t cover much on that part… Again poor time management, 15 marks gave away for not being able to touch at all…
Hope can Pass…!!! The paper wasn’t that hard but needed to write till my hand dropped… Lol zzz
Pass pass pass!!!!

In question 4 could we use AAA 7 steps?

first question part a i wrote on TARA instead of ICS =S
any answer for adv of EGM n other part concernig whistleblower?
which roles to state for CEO?
pristine capitalist 6 marks….too many marks or i missed something?:S
qest 3…audit ctee and int control…any answers?

i actually thought it was a good paper and if you had practice all the past papers you should have been able to pass easily. (dont forget that this papers very first sitting was Dec 2007 – so there has only been 7 papers). I did question 1, 2 and 4. To be honest i dont think there was any knowledge needed apart from TARA and Kotlzberg the other were common sense and all you needed to do was extract the answer from the question.

quite easy but time presurred

I have heard that the examiner looks into elements like writing and neatness . I dont think the examiner should expect this from us as we are required to write a lot in less time. I hope they read this…

hey i have just sat the P1 paper but stupidly wrote in blue ink and not black, only noticed at the end that it says you must write in black ink!!! does this mean that my paper will be disqualified!?!? Will it still pick up blue ink if its electronically marked?

🙁

@georgefosterjones said:
hey i have just sat the P1 paper but stupidly wrote in blue ink and not black, only noticed at the end that it says you must write in black ink!!! does this mean that my paper will be disqualified!?!? Will it still pick up blue ink if its electronically marked?

🙁

Start mailing ACCA… ASAP

Kohlberg: Pre-convantional, conventional and post-conventional model for moral reasoning. Accountant-pre-conv, CEO-conventional and Kathy post-conventional.
That was my answer anyway!