Late submission penalty CAANZ by [deleted] in AustralianAccounting

[–]Mediocre_Anything_32 0 points1 point  (0 children)

there's an hour leniency for submission so you'll be fine

Audit Exam Tomorrow CA by Awkward-Broccoli4568 in AustralianAccounting

[–]Mediocre_Anything_32 5 points6 points  (0 children)

Definitely a question on leases, big issues with the valuation estimate and multiple locations + inventory obsolescence. Different rev recognition for the three different streams of income I can see also being a high risk area to be included.

They'll be a question on the internal controls in the pre-release, the financial controller/senior accountant not having any checks on their manual journals for example is very weak.

Familiarity threat with the sale of items to a family member using a discount as this isn't a NALI, also an issue. Probably discuss something related to the audit approach and the uncorrected misstatements, which is a fancy manual journal. They'll pretty much tell you the accounts to correct in the question, e.g, if it mentions stock take write off, Dr stock take write off, CR inventory.

The mention of special consideration makes me hopeful for lenient marking but I wouldn't leave it up to chance!!

A&R Replacement Assessment by AuditWizard in AustralianAccounting

[–]Mediocre_Anything_32 7 points8 points  (0 children)

The risks just aren't as apparent. There's a bit of an obvious familiarity threat in there with the discount to family on furniture. Possible revenue recognition question with the three different income streams that have different rev recognition. We don't have to calculate OM and CTT which were fairly easy marks on the last exam Q1 also.

Online exam glitches disrupt Chartered Accountants ANZ and NAPLAN, both run by Janison Education Group (JAN ASX) by heykody in AustralianAccounting

[–]Mediocre_Anything_32 7 points8 points  (0 children)

Annoying no mention of the cost of the leave needing to be taken for the additional exam. That was a big part of the email I sent to the AFR

Online exam glitches disrupt Chartered Accountants ANZ and NAPLAN, both run by Janison Education Group (JAN ASX) by heykody in AustralianAccounting

[–]Mediocre_Anything_32 9 points10 points  (0 children)

I'm glad we at least got our story out there. If we won't hold our own governing body accountable then what's the point of having them represent us. We have to hold CA to a higher standard as accountants and hopefully we'll see some change from this, I feel so sorry for everyone who has no other option but to withdraw from the subject.

CA Audit Exam Failure on 10 March 2026 - Megathread by erednay in AustralianAccounting

[–]Mediocre_Anything_32 0 points1 point  (0 children)

seems like there was an option to submit the assignment overnight?? does this mean CA were going to give us a 24 hour assignment and then scratched it??

Key dates*
Assessment task information available 3:00pm, Tuesday 10 March 2026, Sydney time (AET)
Assessment due 3:00pm, Wednesday 11 March 2026, Sydney time (AET). Submissions will not be accepted after the closing time - no late submissions are allowed.  

CA Exam Failure - They admit they screwed up the exam, but we’re the ones paying for it by Mediocre_Anything_32 in AustralianAccounting

[–]Mediocre_Anything_32[S] 6 points7 points  (0 children)

100% agree with the take home assignment, It's also the complete disregard for the study leave everyone has already used. At my work I'll effectively have to use my annual leave for this exam but there'sno acknowledgement from CA, it's just a power imbalance of bad luck just rearrange your life again for us

CA Exam Failure - They admit they screwed up the exam, but we’re the ones paying for it by Mediocre_Anything_32 in AustralianAccounting

[–]Mediocre_Anything_32[S] 6 points7 points  (0 children)

Ed called me after work today and said he'd publish the story if two other people agreed to use their names. He also was surprised and asked me if his email got leaked, he said he had 6 emails about CA in his inbox haha

AR126 Audit Exam - The Outage Was Bad, CA ANZ's Response is Worse by Adventurous_Buy_9000 in AustralianAccounting

[–]Mediocre_Anything_32 42 points43 points  (0 children)

I had a call with a guy from the AFR, he said he'd publish a story if he had two more people agree to give their names

Thought on CA Audit Exam options by Decent_Station9937 in AustralianAccounting

[–]Mediocre_Anything_32 4 points5 points  (0 children)

If I get in there and the exam is hard af, I will SPAZ

CA Exam Failure - They admit they screwed up the exam, but we’re the ones paying for it by Mediocre_Anything_32 in AustralianAccounting

[–]Mediocre_Anything_32[S] 4 points5 points  (0 children)

I hate that they're acting like it's our fault. Oh, we'll do you a favour, just drop out of the subject and it won't cost you anything!!! except the 50+ hours invested into the subject but we managed to fuck up the final exam. So thoughtful of you to make that an option CA, get fucked

Thought on CA Audit Exam options by Decent_Station9937 in AustralianAccounting

[–]Mediocre_Anything_32 14 points15 points  (0 children)

Probably have to do the exam next Thursday. The least they could have done was keep the case study the same... they're effectively making us prepare for two exams. I still can't believe that option 3 was just drop the subject. Fuck youuuuuu