Question 4a ii
Marking Guide
up to 1 mark | per valid point |
– determination of acceptable framework | |
– agreement of management responsibilities | |
– preparation of financial statements with applicable framework | |
– internal controls | |
– provide auditor with relevant information and access | |
– if preconditions are not present discuss with management | |
– decline if framework unacceptable | |
– decline if agreement of responsibilities not obtained | |
(3 marks) |