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I wanted to know what was part b of q4 on ethical issues. God it’s funny how your mind can block thing you were anxiosely answering in the morning 🙂
@orla333 said:
I’m guessing my Q2 c is different coz I did the Irish variant, and it was insolvency I just wanted to know were we supposed to talk about liquidation and examinership. Nurgul I didn’t do q4 was the surgeon not being qualified and lawsuit again hospital for negligence?aah crap, you almost scared me. INT variant here.
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That’s right, about surgeon! Well I answered it in lines of duty owed to general public etc. hope to pass as I was revising as mad and done three mocks last weak. Enjoy the summer guys, we deserved it!
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Ha I’m glad your mind can rest now 🙂
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Orla333, thank you! Got so excited cause couldn’t rest that forgot to thank! Hope it’s one the last exams for us, happy resting.
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The paper was not difficult, but really long and alot of requirements. Hoping I did enough for 50, but my handwriting at times was questionable.
paper was do able but too time pressured with too many requirments. i just wanted to know what you guys has answers on financial risk for individual and groups as i am a bit confused
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I did section B first. then again got almost no time finish Q2 of 30 marks..wondering if it helped to startsection B :l
@nurgul said:
Hi,
I am trying to forget but it’s not easy. Can somebody clarify what the international stream q4 part b was about. Somebody here said its about 2m cash lost but I remember clearly that it was part a of q3. Please, help otherwise can’t stop thinking about it.Part b of q2 was about audit procedure on cost of closure of factories and about 4difficulties in measuring soc and env KPIs. It was mean of them to put 4 prof marks on part b of q2, I am sure lots of people couldn’t reach it due to time pressure, I tried my best to get at least 7 out of 14 allocated to it.
Hi,
Q4 was ethics. Part (b) was the private hospital where it seemed that anyone was given a go at complex operations so it was all about confidentiality, Going concern, to whom one would report, image and reputation, statement of circumstances, etc.- Topics: 0
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I felt the questions were not too difficult but too much information and ideas to write down, so quite disappointed for my answers. Because of lack of time management, I threw at least 20 marks away without touching them.
Haizz, cannot expect anything surprise in Aug.@khonkean said:
Hi,
Q4 was ethics. Part (b) was the private hospital where it seemed that anyone was given a go at complex operations so it was all about confidentiality, Going concern, to whom one would report, image and reputation, statement of circumstances, etc.I said the area to focus is integrity of the client. review of the processes, investigate further, consider to report to the respective boards, consider resignition, get advice from the legal,
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3rd time at this exam and it doesn’t get any better, time management, don’t know enough detail.
think i will change to somethign else – can’t go through this again. The failure is soul destroying!
argh… why my first paper always get bad. is it becuase of anxiety or time pressure?
I left 20 marks.:((
q1 it said audit implications on individual And group of CS
so can any1 please share Ideas on it I want to see what I did
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talk about co-terminus, materiality of canary, accounting standards of canary, reliance to be placed on compnent auditors, goodwill valuation, group share of post acquisitions profits, NCI….
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@faheyc2 said:
talk about co-terminus, materiality of canary, accounting standards of canary, reliance to be placed on compnent auditors, goodwill valuation, group share of post acquisitions profits, NCI….There was no NCI because subs were 100% owned. I left easy marks on Internaly generated brand name plus the part b od Q1 🙁
I think for me the time management was an issue as I only got 15 minute for 15 marks for the qn 4 …. arrgghhh the paper was ok if it is was a longer paper….
@1777731 said:
q1 it said audit implications on individual And group of CSso can any1 please share Ideas on it I want to see what I did
Component Materiality, Cash Consideration, FV of N/A, Deferred Consideration, Impairment, Loan, Website Capitalization, Grant, Intercompany Balances for 2nd part
1st part Dates of acquistion (post acq & pre acq profits), Reliance on component auditors, Different accounting policies, Foreign Exchange Translation concerns (if subs. was foreign based), Intercompany balances, Non-coterminous accounting periods, Administrative matters (staff,visits etc.), Changes in group structure, Goodwill accounting. So much to write in the first part.
@faheyc2 said:
talk about co-terminus, materiality of canary, accounting standards of canary, reliance to be placed on compnent auditors, goodwill valuation, group share of post acquisitions profits, NCI….The principal auditor was the component auditor…
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Guys, I’ve done section B qns first then section A so remember Q1 quite well. It was meantioned that your firm was goingto be auditor for Canary thus no component auditor plus it was mentioned it was wholy owed sub. No panic though, you are not goingto be penalised if you mentioned those points.
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What did people write for 2a the engagement terms fo business plan this questione was sooooooo rushed 😮
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