总体评价：本次考试包括5个必答题。A部分包括30分的问题1和10分的问题2。B部分包括三个更深入的问题，每题20分。大部分考生完成了5个题目，然而还是有少部分没有完成问题的考生，这表明考试是有时间压力的。
General Comments
The examination consisted of five compulsory questions.Section A contained question 1 for 30 marks and question 2 for 10 marks.Section B comprised three further questions of 20 marks each.
The majority of candidates completed all five questions;however there was some evidence of time pressure as a significant minority of candidates did not attempt all questions.This seemed to mainly occur for question 5 or for the questions candidates found challenging,which are listed below.In addition a significant minority answered question 1 last and their answers were often incomplete.As question 1 is the case study and represents 30 of the available marks,leaving this question until last can be a risky strategy,as many answers presented were incomplete or appeared rushed.
Candidates performed particularly well on questions 1b,2c,3ci and 4bi.The questions candidates found most challenging were questions 1a,2b,3a,3cii and 5b.This was mainly due to a combination of failing to read the question requirement carefully and insufficient knowledge.A number of these areas were new to the F8 study guide in 2010 and hence as new topic areas should have been prioritised by candidates.
A number of common issues arose in some candidate’s answers:
•Failing to read the question requirement clearly and therefore providing irrelevant answers which scored few if any marks
•Providing more than the required number of points
•Illegible handwriting and poor layout of answers.
Specific Comments
Question One
This 30-mark question was based on a retailer of ladies clothing and accessories,Greystone Co,and tested candidates’ knowledge of internal control deficiencies,trade payables and internal audit.
Part (a) for 5 marks required candidates to explain examples of matters that the auditor should consider in determining whether an internal control deficiency was significant.
This part of the question was unrelated to the Greystone Co scenario and hence tested candidates’ knowledge as opposed to application skills.This question related to ISA 265 Communicating Deficiencies in Internal Control to those Charged with Governance and Management,which is a new ISA and new to the F8 study guide for 2010.
Most candidates performed inadequately on this part of the question.The main reason for this is that candidates failed to read the question properly or did not understand what the requirement entailed.The question asked for matters which would mean internal control deficiencies were significant enough to warrant reporting to those charged with governance.The question was not asking for examples of significant internal control deficiencies,however this is what a majority of candidates gave.Many answers included a long list of control deficiencies such as “inadequate segregation of duties” this failed to score marks as it was not answering the question.
It was apparent that many candidates had not studied the area of significant control deficiencies,and as there is now an ISA dedicated to this area,this was unsatisfactory.
Part (b) for 14 marks required a report to management which identified and explained four deficiencies,implications and recommendations for the purchasing system of Greystone Co.A covering letter was required and there were 2 presentation marks available.
This part of the question was answered well by the vast majority of candidates with some scoring full marks.The scenario was quite detailed and hence there were many possible deficiencies which could gain credit.Where candidates did not score well this was mainly due to a failure to explain the deficiency and/or the implication in sufficient detail.Some candidates simply listed the information from the scenario such as “purchase invoices are manually matched to GRNs” and then failed to explain the implication of this for Greystone Co. |
发表于 2012-2-23 17:09:42
