AAF8

Q7 Section A

Marking Guide

c. New client - 2 marks
Work in progress  - 2 marks
Increased inventory - 2 marks
Warranty provision - 2 marks
Attendance at inventory counts - 2 marks
Deferred income not correctly recognised - 2 marks
Receivables allowance and valuation - 2 marks
Overdraft covenants - 2 marks
Trade payables - 2 marks
Other valid audit risk - 2 marks

Restricted to 14 marks