Part (c) for 6 marks required going concern audit procedures. Performance was mixed on this question.

Candidates failed to maximise their marks here by providing too brief tests such as “check cash flow forecasts” and “obtain management rep” or unrealistic tests such as “write to the bank and ask if they will require the loan to be repaid”, the bank will not answer such a request.

In addition some answers focused on audit procedures which would have already been undertaken during the substantive testing stage such as “perform a receivables circularisation”.