Impact on planning of audit

Generally 1 mark each point contributing to an explanation to a maximum 3 marks each impact

Impact ideas
 • group structure
 • materiality assessment (NOT on profit)
 • goodwill arising (amount/amortisation)
 • group (related party) transactions and balances
 • on analytical procedures
 • MTbox on income statement
 • other auditors
 – ACCA/competent/independent
 – introductory/co-operation letter
 • group instructions
 • accounting policies (Xstatic & MTbox)
 • timetable

Note: Two professional marks are included

Max 10 marks