EXAMINER’S GENERAL COMMENT The performance of candidates in this diet is relatively better than the performance in the previous diet. Candidates performed below average with a modal score of 19-36. This is far below expectation but better compared to the last sitting. Once again, the performance of most candidates indicated a lack of solid foundation and skills needed for the paper. Meanwhile, the questions fall within the approved syllabus of the Institute, and the marks distribution was fair and in line with the syllabus grid.

STANDARD OF THE PAPER The standard of questions was appropriate for the level being assessed. The requirements of the questions were generally clear. Evaluation of the examination questions indicated that the syllabus coverage was good and provided candidates with enough flexibility to appropriately respond to current financial reporting issues. The difficulty level of the paper is standard and within expectation. Questions were evenly weighted; the paper followed the pattern of the previous sittings and is generally consistent in standard with the last sitting's paper. The mark allocations generally followed the weightings in the syllabus grid and commensurated with the amount of time and effort required to answer the questions. The type, relevance and quality of the questions provided in the examination were well-balanced and clearer when compared with the question of the previous diet.