Going over the T8 paper for June 2010 - I was quite taken back on the level of difficulty that was dished out by the examiner - Brian Pine, this is because the depth of emphasis placed on internal audit was a bit heavy. The paper was difficult, comparing it to F8. I suppose that examiner may have wanted to possibly test aspects of the paper that is usually not tested.
The P7 paper on the other hand was a more balanced paper, with the examiner Lisa Weaver actually sticking to her initial statement that P2 Accounting standards would be examined. This makes P7 a paper that should be done with dual capabilities - ISA and IAS.
Overall the previous assessment of papers for auditing by ACCA -
Hardest - T8 (given the level of failures)
Optimum level F8 and P7
On that note, pass rates for a college is usually the effort of all the people that was involved in preparing the students for the exam, I suppose that if you had a strong T8 foundation, passing the F8 paper should be easier, but on the other hand, if you have a weaker T8 foundation or no T8, there is a high chance that you may not get thru the F8 paper (even if it was a very doable paper)
I remember teaching my T8 students to the level of F8,whenever I teach auditing - my objective is that if you have to prepare someone - it should be sufficient and appropriate for the overall outcome.
On that note Sunway JB achieved 80% pass rates in P7 for the previous June 2010 sitting - congratulations to all the students.
To all the other students that did get thru T8, F8 and P7 - well done, if you did not get thru, do not despair, keep at it.
For T8 students that did not get thru this time - consider whether you had put in continuous effort or last minute, if continuous - consider T10, which is a much easier paper to do compared to T8.
For F8 students that did not get thru this time - do not give up the paper, its best to do it this time since the next semester, the F8 paper will be examined with F7 IAS, currently it only covers F3 standards.
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