Question 1a
Marking Guide
audit planning | |
| up to 1 mark for any of the following, but maximum 4. | |
| important areas of the audit | |
| potential problems | |
| effective and effi cient audit | |
| selection of engagement team members and assignment of work | |
| direction, supervision and review | |
| coordination of work 4 | |
| two matters | 4 |
| up to 1 mark for relevant matters, but maximum 2. | |
| risk assessment generally | |
| assessment of control environment | |
| decision to test controls | |
| scope of substantive testing | |
| procedures to comply with isas | |
| materiality | |
| timetable of detailed audit work | |
| allocation of work to team members 2 | |
| maximum marks | 2 |