(a) Professional scepticism
Generally 1 mark for each well discussed point made:
– Risk of misstatement in relation to a material matter
– Reliability of confirmation of internally generated evidence
– Judgement required in relation ability to provide support
– Material uncertainty facing parent company
– Unusual behaviour of group engagement partner
– Need to remain alert for other factors affecting going concern
– Need to remain sceptical of all other matters requiring management judgement
Maximum marks 6