Question 5a
Marking Guide
going concern meaning | |
| 1 mark each for: | |
| – definition | |
| – isa 570 explanation (don’t need the isa number) | |
| – audit procedures | |
| – realistic use of assumption | |
| – report to members | |
| – report to audit committee and/or directors | |
| – discussion with management on going concern | |
| – other relevant points | |
| maximum marks | 4 |