Class 9 IC – 23/10/23

Hi SBL Champions,

We have a short visit from Darth Vader coming – next Wednesday, 1st November… use this
time wisely.
Now is the time to put in the necessary work to get to Basecamp 2 before the end of the
month. There is no option except working on this everyday from now on.
Make sure by Basecamp 2:
1. the short vids are completed
2. your Activity Workbook is up to speed – submit Recalls and Reflections on Moodle
3. Mock 2 is prepared
4. Mock 2 done on Saturday

I got a very interesting email from a student this morning – maybe you might relate to it:

Hi Owen,

I'm really struggling with Mock 2 tasks.

I have no problem with the structure of the answers but I find it very difficult to fill out the
actual answers and make it sound NOT GENERIC. I feel I just waffle about stuff that can be
related to any industry and also I can't make my answers 3 lines long and explain all I want to

say so I end up writing to much but probably scoring 0 marks

Mock 1 topic was so much easier to relate to the industry for me.

I'm not sure what's on the agenda for today's class but
I was wondering if we could do one of the tasks from in full in the class? Or maybe you could
advise how I can improve my writing skills?
English is not my first language so maybe that's an issue too.
Thanks for the lectures I find them great!!

So let’s use tonight’s class to focus on Mock 2 and the issues in this email.

See you tonight.

Keep going - you can do this!
Best regards,
Owen

Some other key points for this evening

Ch 8 RISK continued from last week.
Activity 13: Exam MJ2022 Yexmarine 4) risk assessment and response REVISION COURSE
Activity 14: Exam: SE Yummee May 2022 3) peanut contamination. POINT = applied
COMMON SENSE!!

Ch 9 Internal Controls

1 Owen O’Reilly SBL at PAT

Activity 1: Exam: S2018 CC 3 (b) key words and possible structure here? Table?
Activity 2: how effective IC can provide assurance on the integrity of financial reporting.
Activity 3: IC challenges re Jayland option (common sense)
Activity 4: Stages of COSO - describe what you do at each stage.
Activity 5: Exam: SE2 Rail Co. 4 spreadsheet assumptions & implications (= structure)
Activity 6: Exam: M2020 TT4U 1c) Identify 8 cyber security approaches
Activity 8: Exam: MJ 2019 Smartwear Task 3. effectiveness of internal control systems at
the company, particularly on the procurement side, and recommends control improvements
(TABLE?)
Activity 9: Exam: SE Yummee May 2022 4) how management should respond to the
internal audit department’s findings.
Activity 10: Exam: SE Yummee May 2022 5) risks and benefits of buying Cocoa farms
(again, COMMON SENSE!!)

Chapter 10 – Applying ethical principles

Activity 1: Think about it - Have you been in any ethical or potentially ethical situations in
work?
Activity 2: Exam: S2018 CC 3a) – issue ethical and reputational concerns
Activity 3: Hum and Hoo (06/14) 3c) - public interest
Activity 4: Exam: SE1 DCS 3b) - issue ethical and professional behaviour
Activity 5: Fundamental ethical principles - Summarise the ACCA’s fundamental ethical
principles
Activity 6: Ethical threats to independence/safeguards
Activity 7: Exam: M2019 Smartwear 2b) ethical implications

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