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@accaglobal_bot For Uzbek students https://t.me/accauzbekistana f5 https://t.me/f5performancemanagament f7 https://t.me/FRfinancialreporting f8 https://t.me/f8auditandassurance f9 https://t.me/F9FinancialManagment
too many procedures but overall easy
tips :
1) daily practice of procedures
2) internal controls should be practiced regularly
3) audit risk scenarios usually relate to exam kit so solve exam kit to score full in risk question
4) book reading and understanding of concepts for sec A and side questions of sec B
Do you have any advice for the students who will apply next time?
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Describe audit risk, question regarding written representation
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Q3 Quality and professional issues in an assurance engagement to sustainability report to the client that you audited and critice the sustainability report where assurance team should use professional scepticism
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AAA
Q1 as always 8m BR, 16m ROMM, 6m audit procedures on investment in a company, 10m ethical and professional considerations. Company provides services to automobiles and has autocenters abroad also
F9 and AFM Risk Management
/channel/F9FinancialManagment
Just do it what you can do
Good luck for TX AND SBL students
Consider ok. Comparing another paper, my one may is the easiest
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Substantive procedure regarding addition and disposal of PPE, payables, loans and research and developent costs
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Section B:
Procedures: scenario based
- Trade receivables-
-existence and valuation.
- WIP inventory
- Sales tax liability
- redundancy provision
- going concern - 4 marks
Corporate governance - 6 marks.
Controls:
Direct control 3
Deficiency and rec 5
Theory:
- Audit planning
- Disadvantages of outsourcing internal audit
Audit risk 16 marks.
Section A
- Procedures
- Ethics
- Reporting
Q2 Matters to discuss with TCWG and audit opinion impact stating that the client didnot adjust the material misstatement
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B SECTION
5 ballik questionda Audit risk Inherent Risk and Detection risk
Yana bitta 5 ballikda Questionaire va Flowchart ( disadvantages )
5 ballik Audit Report
Bitta 4 ballikda Defficiency and Recommendation ( lekin shuni oldin ko’rmagandim Audit firmada bo’gan defficiency clientda emas ya’ni case bergan i audit supervisor kasal bo’p qolib kemagan 2hafta va o’rniga hechkim tayinlanmadi degan
i 2-defficiency oxirida Audit partner review qimasdan qo’l qoydi chunki u holidayda edi degan )
Risk and Response 16ballik
Direct Control and Test of Control 8 ballik ( to’liq bitta Payroll case dan )
Defficiency and Recommendation 8 ballik ( to’liq bitta Payroll case dan )
Substantive Procedures
1.Payable and accrueals
2.Bank loan
3.Equipment additions and disposals
4. Research and Development costs
Don't stress my dears
Everything will be good
Just pray and ask anything from Alloh
I belive in all of you.
You can do it