Up to 1 mark per well described risk and up to 1 mark for each well explained response. Overall maximum of
5 marks for risks and 5 marks for responses.
– Depreciation rates and asset lives
– Adjustments for movements in inventory to the year-end date
– Write down of inventory
– Contingent asset
– Unreconciled differences on bank reconciliations
– Manipulation of profit due to directors’ bonus
– Reporting timetable shortened

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