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Significant component

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Significant component

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 5, 2018 at 9:16 pm #440483
    ashikhkonvict
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Hi sir,

    I jus have one doubt to clarify. On todays paper, there was a group audit question. And the significant component amount was 10% or 15%? I took it as 10% however, the component was 17% of the group so it was significant anyway. But does the 10% matter?

    March 5, 2018 at 9:29 pm #440487
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    I doubt that you’ll lose a mark – surely the mark is for recognising that the component was significant and recognising, therefore, the additional auditor considerations when faced with a significant component

    OK?

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    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Significant component’ is closed to new replies.

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