(c)

½ mark for source of documentation and ½ mark for describing relevance of info, maximum of 2½ marks
for sources and 2½ marks for relevance.
– Prior year financial statements
– Previous auditor/access to their files
– Prior year report to management
– Accounting systems notes
– Discussions with management
– Review of board minutes
– Current year budgets and management accounts
– Milky Way’s website
– Financial statements of competitors

5
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