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For the opinion I wrote that the report could have been one of the following … I then wrote three options down. I said without knowing the figures involved I couldn’t say which options should be used. Looks like I should have picked an option rather then saying the options! I’m sure I saw a answer saying all the options once. Oh well maybe I’ll pick up 1/3 marks …
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Status of ISA?
Single? Married?
I just thought it’s complicated…- Topics: 0
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paper was tricky and lengthy but a well prepared student will pass it which is not me.
Any ways could get 50 hopefullyi think nthat the report should not b qualified becz the auditor has already checked the figuers and assumptions of warranty provisions and those are consistent with the previous years..
so that’s why i conclude my opinnion to the “emphysis of matter paragraph”- Topics: 0
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Hi Guys, completed answer booklet in blue pen, can anyone confirm whether this will be marked?
The ISA question was a stab in the dark. I said that they were compulsary and member countries had to adapt there reporting standards to be in line with the ISA’s or adopt them. I’m confident that the above fact is correct but not sure whether the question required a response like this.
I think this paper is testing general knowledge on audit the notes did not really work.
It said the matter was material so definitely not emphasis of matter and not except for.. it was too serious but as long as you said ‘In my opinion’ and you gave good reasoning that should be ok.. i think
@dmcauley call ACCA but as far as I know they are scanned and sent to correctors and black is the only color that the scanner picks up! Someone would have to check it manually…
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I did a paper on CAT with blue pen and passed so I assume for ACCA it will be marked also.
yes, it is material but NOT a pervasive. You should read the Opentution notes, page 21
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OMG..I am really discouraged to take F5 on Monday..
Can anyone advise about the question about value for money audit..What strengths and new ways to improve them has you mentioned?
Hope to get 50%..whaha..I began writing with leaving a space)))
Did it say in the information that the auditor had looked at lasts years warrenty estimate???
Hopefully by stating what it could have been I’ll pick up a mark or so. I guess I should have chosen ‘except for’ though if we don’t know the information why would it not be persaive?? It easily could have been.
That part was only worth 5 marks anyway.
Also anyone find (a) confusing in that question? Did they want a general chat about estimates or to apply it to information?
What sort of infortion did people put for the first question. The part on internal auditors & the 14 mark part?
I also thought ISA status was strange wording. Also the ‘matters’ questions were also!
I didn’t realise there have been so many qu on IC. I’m very bad at time management so in every exam I just answer a qu (if I can!!), forget about it and move on. I think the exam was reasonable enough. And I also think it was enough time to answer all the qu. Fingers crossed in Feb!
Manage to complete paper on time.
I was also confuse with precondition, i think it was related to audit engagement letter which the auditor provide to management.Yeah, I think it would be useful if we’d had some answers to the qu in the exam. Have potential, brief answers ever been posted in the previous years?
I think it should be an “except for” Because it did appear on the FS if am not mistaken and there was only a disgreement between management and auditor as there was a limitation in the scope na.
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WHAT IS “BEST VALUE FOR MONEY???????”
Get the f outta here!!!!
Pray to allah i will pass.
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it was ok
tough paper, not enough time ratios didnt have a chance to even calculate them……hopefully that magic 50 will appear in feb!!!!……..status of ISA am not a clue!! just mentioned reporting guidlines fr accountants….
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poor time management paper was okay couldnt attampt last question .tooo lengthy
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value for money is to do with operational internal audits – the 3 e’s – economy, efficiency and effectiveness. that’s all I knew didn’t know how to go about a value for money audit.
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The paper looked ok.
Didnt have time to practice any ques at all before going to exams.
Thought of some logic things & wrote it down in z paper.- Topics: 0
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The paper was a tricky one.But it was surprising that no questions on ethics,Caats,sampling,subsequent events.
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