Candidates were required to explain the actions that an auditor should carry out to ascertain whether an entity if a going concern.

The requirement verb for this section was explain. So the marking scheme for this question , as for part (a) was simply 1 mark for each point; effectively 0.5 for identifying the action and 0.5 for the explanation.

Answers to this question also varied considerably. A significant minority of candidates correctly explained actions in respect of going concern and obtained the full 5 marks. However, other answers stated very few actions or simply did not explain the actions.

Common errors and reasons why those errors did not obtain marks included