btw...is there anyone here did pay late for subscription fee lets say by months?

is there any consequences?

i pay together with my exam fees in March/April, no issue at all

really? i scared later they cancel my membership n etc 

been doing that for the past few years, never got suspended

  not even a warning ah?

how bout others?

as long as i pay, they won't touch me. if they suspend, they will forgo their income. somemore their student base is so huge, they where got time to suspend you then re-activate your account?

quite true oso
not sure if wanna take the risk
financial very tight now ...
c me wan owe Digi or owe ACCA now 

audit risk = inherent risk x control risk x detection risk

inherent risk x control risk = business risk

business risk causes possibility of misstatement in financial statement

and at overall level... audit risk is the risk that auditor express wrong opinion

p/s: if it's wrong pls correct me ty 

i pay together with my exam fees in March/April, no issue at all

The annual subscription fee is due and payable on 1 January each year you wish to remain an active student. Remember you can pay your fees online at myACCA .

Students who fail to pay fees when due, will have their names removed from the ACCA register. Students wishing to re-register are now required to submit any amounts unpaid at the time of their removal in addition to the re-registration fee. Confirmation of your unpaid fees can be obtained from your national ACCA office or ACCA Connect.

Additional fees may apply to register with the relevant Joint Examination Scheme partner - details of which can be can be found in the related documents section.

The following fees and subscriptions apply with immediate effect:

ACCA Qualification student
Initial Registration  £77, as of 9 November 2011
Subscription  £77
Re-registration fee  £77, in addition to any amounts unpaid at the time of resignation/removal.

Correct you something.

Business risk is cause the impact to the business not to be going concern, example fall in revenue, liquidity problem.

The misstatement in financial statement is financial statement risk.

Don't confuse it cuz I failed last sem cuz of this! For Financial statement risk question, everything must relate back to financial statement whether understated , overstated or misstated. For going concern issue in fs risk, is discuss the preparation of fs may fail going concern assumption as ias 1..

You will find the difference of the going concern issue answer for business risk and financial statement risk.

Audit risk is the risk that auditor may issue an invalid audit report.. Is invalid, not qualified only..

If pay late subscription fee, no penalty charge ??

I am thinking to pay the subscription altogether after I pass the paper.
Fees

upon analysis of past year questions of P7, I've come to a conclusion that the examiner, Lisa Weaver, tried to advice ppl for not joining audit by using example of 'the audit manager has been taken ill ' for few times already in recent years. LOL

ya, i have noticed that too. BTW, make sure you read the latest article in Oct by Lisa Weaver, that may be the tips to pass 

i think the important tips is the flow of procedures at the completion stage