ACA AA - Exam Prep by Nick Halstead https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e en-us 2025-05-29 09:47:48 UTC 2025-05-30 10:46:27 UTC hello@padlet.com CPD https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408105 2025-05-29 09:51:03 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408105 Ethical Principles https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408344 2025-05-29 09:51:17 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408344 Icaew training programme https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408410 2025-05-29 09:51:24 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408410 ACA exams which must be passed in order to become a member nicholashalstead1 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408512 2025-05-29 09:51:32 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408512 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408526 Qualifications


]]> 2025-05-29 09:51:34 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408526 helpline https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408604 2025-05-29 09:51:35 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408604 Optional training modules https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408673 2025-05-29 09:51:39 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408673 EVIDENCE OF PRACTICAL EXPERIENCE https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408698 2025-05-29 09:51:42 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408698 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408727 ICAEW training

]]> 2025-05-29 09:51:44 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408727 Limitations to the number of times we can fail exams https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408833 2025-05-29 09:51:50 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408833 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408834 Disciplinary action for breaches of ethical principles


]]> 2025-05-29 09:51:50 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408834 Webinars https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408835 2025-05-29 09:51:50 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408835 Educate members on ethical principles https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408837 2025-05-29 09:51:50 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408837 Exams https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408962 2025-05-29 09:52:02 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472408962 development modules https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409110 2025-05-29 09:52:16 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409110 Disciplinary action https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409113 2025-05-29 09:52:16 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409113 Disciplinary proceedings https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409160 2025-05-29 09:52:21 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409160 Code of Ethics https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409204 2025-05-29 09:52:25 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409204 examinations in audit software i.e inflo https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409268 2025-05-29 09:52:33 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409268 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409270 Mandatory minimum period of approved professional experience before members are certified

]]> 2025-05-29 09:52:33 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409270 feedback from seniors/managers https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409348 2025-05-29 09:52:43 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409348 need to be time qualified https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409364 2025-05-29 09:52:45 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409364 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409370 Appraisals / independent review of sample of work


]]> 2025-05-29 09:52:45 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409370 Webinars https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409505 2025-05-29 09:52:58 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409505 Completing quality management reviews on accredited firms https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409606 2025-05-29 09:53:07 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409606 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409680 suggesting developments to isa's

]]> 2025-05-29 09:53:15 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409680 ICAEW ethics programme (6 modules) https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409791 2025-05-29 09:53:20 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409791 appraisals https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409805 2025-05-29 09:53:21 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409805 podcast https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409831 2025-05-29 09:53:22 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409831 Answer https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409907 Audit quality review

]]> 2025-05-29 09:53:27 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472409907 ladders to track skills learnt https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472410059 2025-05-29 09:53:44 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472410059 Exams https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472410706 2025-05-29 09:54:42 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472410706 Require professional knowledge development post qualification to upkeep knowledge. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472411088 2025-05-29 09:55:26 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472411088 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472454900 Laws and Regulations differing

]]> 2025-05-29 10:59:35 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472454900 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455109 fx translation risks on balances

]]> 2025-05-29 10:59:46 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455109 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455154 Scope of the audit - ability to insepct each location

]]> 2025-05-29 10:59:52 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455154 Travel Arrangements - which sites need visiting (material locations?) https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455177 2025-05-29 10:59:53 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455177 language barriers https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455183 2025-05-29 10:59:53 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455183 time differences https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455190 2025-05-29 10:59:54 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455190 exchange differences and risk https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455307 2025-05-29 11:00:04 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455307 experience auditing manufacturing companies https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455352 2025-05-29 11:00:10 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455352 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455355 if we need a component audit team

]]> 2025-05-29 11:00:10 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455355 locations in different places https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455370 2025-05-29 11:00:12 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455370 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455373 Exchange rate translation risks

]]> 2025-05-29 11:00:12 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455373 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455394 Need for External expert for translation?

]]> 2025-05-29 11:00:14 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455394 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455446 language barrier


]]> 2025-05-29 11:00:19 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455446 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455460 Different strategies

]]> 2025-05-29 11:00:20 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455460 Limited Physical Verification https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455616 2025-05-29 11:00:24 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455616 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455649 Language barriers


]]> 2025-05-29 11:00:25 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455649 If we have any staff located near the operations in Europe and Asian https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455676 2025-05-29 11:00:25 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455676 Staff willing to travel or overseas offices that can coplete work https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455917 2025-05-29 11:00:29 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472455917 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456095 Competence in foreign languages used

]]> 2025-05-29 11:00:45 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456095 Ensuring there are experts who understand the different audit regulations between countries https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456116 2025-05-29 11:00:47 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456116 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456143 Resource - staff availability

]]> 2025-05-29 11:00:49 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456143 Are component auditors required? https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456168 2025-05-29 11:00:51 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456168 ICAEW hotline https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456263 2025-05-29 11:01:01 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456263 translation risk from converting currencies https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456314 2025-05-29 11:01:06 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456314 experience in this type of audit https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456342 2025-05-29 11:01:10 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456342 be able to understand foreign documentation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456351 2025-05-29 11:01:11 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456351 component team capacity/ available resources https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456805 2025-05-29 11:01:55 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456805 the size of the operations that are abroad https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456844 2025-05-29 11:02:00 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456844 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456935 Since ICAEW is a UK board, do we have accountants who are qualified to practice in these foreign countries


]]> 2025-05-29 11:02:08 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472456935 local expert needed? https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472457062 2025-05-29 11:02:19 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472457062 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472457184 potential crime / money laundering - due diligence required

]]> 2025-05-29 11:02:33 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472457184 necessary requirements/resources for checking inventory in their very spread manufacturing factories. Such as language, travelling, meeting. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472458275 2025-05-29 11:03:49 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472458275 Other legislation than ICAEW https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472459115 2025-05-29 11:05:09 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472459115 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472499924 The audit team should inspect the bank statements to identify if payment runs are made twice per month. If payment runs are not made twice per month, it is unlikely that Componente will be able to claim prompt payment discounts.

]]> 2025-05-29 11:58:00 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472499924 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472500744 Approved supplier list?



]]> 2025-05-29 11:59:04 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472500744 The new suppliers that have been introduced within the year could be checked for appropriate usage of discounts, as it has already been shown that some suppliers introduced in the year have been mishandled. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472500782 2025-05-29 11:59:09 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472500782 ask suppliers for average receivable days on that specific customer (our client) https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472501319 2025-05-29 12:00:00 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472501319 Valuation is an estimate https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680668 2025-05-29 14:58:42 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680668 material value https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680799 2025-05-29 14:58:47 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680799 Round sum valuation is £8m https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680949 2025-05-29 14:58:57 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680949 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680977 The revaluation is £400k, which is a material amount

]]> 2025-05-29 14:58:59 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472680977 valuers aren't independent as in the building and renting from the owner https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681036 2025-05-29 14:59:02 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681036 Valuation performed by people relyng on valuation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681068 2025-05-29 14:59:05 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681068 estimate https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681200 2025-05-29 14:59:09 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681200 Objectivity of the valuers https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681202 2025-05-29 14:59:09 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681202 Get a different valuation expert to value the property https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681300 2025-05-29 14:59:17 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681300 Valuation may not be independent or objective https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681438 2025-05-29 14:59:25 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681438 Check price of other similar properties in area https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681454 2025-05-29 14:59:26 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681454 Valuers may not be independent as they rent the building from them - may have raised valuation too high to freeze rental payments. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681485 2025-05-29 14:59:29 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681485 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681525 Revaluations are seen as more complex accounting so may not have been adjusted for correctly.

]]> 2025-05-29 14:59:33 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681525 Independence and objectivity of valuation - tenants of AWS https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681590 2025-05-29 14:59:38 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681590 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681716 Valuation not carried out by independent third party

]]> 2025-05-29 14:59:45 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681716 reperform the calculations of the expert's work https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681794 2025-05-29 14:59:51 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681794 confirm independence of valuers https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681863 2025-05-29 14:59:55 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681863 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681912 Revaluation requires estimation and judgement in arriving at the revalued amount. This means that it is subjective and therefore open to management manipulation

]]> 2025-05-29 14:59:59 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472681912 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682084 It might be beneficial for the external valuers to support management views on the revaluation to ensure there is no disagreement and they can continue to rent the building


]]> 2025-05-29 15:00:10 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682084 Assess competency and independence of valuers, qualifications, reference. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682246 2025-05-29 15:00:24 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682246 Assess the reasonableness of the source data useing in the valuation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682467 2025-05-29 15:00:39 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682467 Property expert - seek independent valuation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682478 2025-05-29 15:00:40 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682478 Revalued by tenants of the building. Self interest and familiarity threat https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682599 2025-05-29 15:00:48 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682599 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682659 Discuss with management the UEL used as the valuation of the building has changed, but the depreciation has remained in line with last year, so the UEL may not be reasonable.

]]> 2025-05-29 15:00:52 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472682659 Valuation was in September - value could be materially different by December year end https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683003 2025-05-29 15:01:13 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683003 value could have been underestimated so that the values have a cheaper rent https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683032 2025-05-29 15:01:14 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683032 relevant qualifications? https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683196 2025-05-29 15:01:24 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683196 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683245 obtain written representations from management over the revalued amount

]]> 2025-05-29 15:01:27 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683245 determine competence, objectivity and independence https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683313 2025-05-29 15:01:32 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683313 evaluate competence and independence of valuer https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683338 2025-05-29 15:01:34 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683338 Market value may have changed https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683404 2025-05-29 15:01:38 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683404 physically check existence and impairment https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683765 2025-05-29 15:02:04 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683765 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683815 Consider asking for the opinion of an auditor's expert for the valuation of the property as the independence of the current valuers is questionable.

]]> 2025-05-29 15:02:08 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683815 Valuers may have understated the value of the property so that their rent does not increase https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683854 2025-05-29 15:02:11 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472683854 Risk of incompetence of the valuators as revaluations and subjective and complex https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684000 2025-05-29 15:02:20 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684000 check against HM land registry records for rights and obligations https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684019 2025-05-29 15:02:21 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684019 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684379 -          The valuation was carried out by valurs who rent their office space from AWS. This could mean there is the possibility of intimidation on the valuer in order to provide a favourable valuation, or self interest threat- with the valuer wanting to keep good relations with AWS by giving a favourable valuation.

]]> 2025-05-29 15:02:42 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684379 compare value to similar properties in the area https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684575 2025-05-29 15:02:55 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684575 inquire why the valuation occurred at Y/E but uses market conditions from September https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684576 2025-05-29 15:02:55 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472684576 get a further 3rd party valuation and compare https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472685897 2025-05-29 15:04:15 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472685897 Property expert to value the head office. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686028 2025-05-29 15:04:22 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686028 The depreciation charge has not changed despite revaluation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686262 2025-05-29 15:04:31 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686262 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686769 The market valuation may not take into account the current condition and state of the office building. This could mean that the value of impairment is understated and that the buildings value is overstated

]]> 2025-05-29 15:05:06 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686769 check for further familiarity threats between tenant and landlord https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686878 2025-05-29 15:05:10 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472686878 3rd party doesnt carry out the valuation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687118 2025-05-29 15:05:26 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687118 review the valuation report and determine the reasonableness of the assumptions used https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687409 2025-05-29 15:05:48 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687409 valuation complete mid year but reval in account at the year end https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687590 2025-05-29 15:06:03 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687590 inquire about the difference to management https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687676 2025-05-29 15:06:09 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472687676 obtain mutliple valuations and average out to provide a reliable total https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472688176 2025-05-29 15:06:24 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472688176 Agree valuation to documentation https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472688777 2025-05-29 15:07:05 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472688777 Confirm the reasonableness of the valuation to similar properties and check that there hasn't been a material movement in the market since the valuation was performed in September https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472690130 2025-05-29 15:08:21 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472690130 Investigate if it would be more favourable to have a lower or higher value asset https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472690646 2025-05-29 15:08:52 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472690646 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472692166 Valuation is carried out by valuers who are located in the building. This means they are not independent as they have an incentive to over-value the building that they are based in as they rent a floor from AWS who owns the building.


The revaluation is 400k, which is material as 400k>250k.







]]> 2025-05-29 15:10:16 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3472692166 Reduction in grant funding and no alternative funding measures to make up for it https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473807998 2025-05-30 10:42:53 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473807998 Bank overdraft increased and bank loan obtained which could be recalled. https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808392 2025-05-30 10:43:37 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808392 Failure of internet crowdfunding means no alternative funding source was found https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808570 2025-05-30 10:44:01 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808570 Increase in overdraft and bank loan obtained could be recalled https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808671 2025-05-30 10:44:15 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808671 expenditure exceeded income https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808727 2025-05-30 10:44:21 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808727 decline in government grants https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808847 2025-05-30 10:44:32 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808847 increase in overdraft facility https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808859 2025-05-30 10:44:33 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808859 Net liability position means they might not be able to pay debts https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808884 2025-05-30 10:44:36 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808884 bank loan taken out to meet shortfall in funds https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808989 2025-05-30 10:44:50 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473808989 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809275 The draft balance sheet shows a net liability position which suggests that Rescue24 would struggle to meet their liabilities as they fall due as their assets are not enough to meet them.

]]> 2025-05-30 10:45:03 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809275 Bank loan is secured on Rescue's premises - if this is seized they will have nowhere to operate from https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809363 2025-05-30 10:45:15 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809363 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809365 fundraising manager resigned

]]> 2025-05-30 10:45:15 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809365 expenditure exceeded income, additional loads and risk of inability to service additional debt https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809390 2025-05-30 10:45:18 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809390 net liability position https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809392 2025-05-30 10:45:18 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809392 Reduction in government funding https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809429 2025-05-30 10:45:23 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809429 lots of executives/managers resigned. These people will probably have large amount of experience of the charity and therefore without them, the charity may struggle to raise funds https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809455 2025-05-30 10:45:25 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809455 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809607 lack of funding and overdraft

]]> 2025-05-30 10:45:40 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809607 https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809993 Rescue24 were becoming more reliant on less reliable income sources such as the crowdfunding which is risky

]]> 2025-05-30 10:46:26 UTC https://padlet.com/kaplaneducation/ijr1qkpcnoc3ds1e/wish/3473809993