Up to 1 mark per well explained risk and up to 1 mark for each well explained response. Overall max of 5 marks
for risks and 5 marks for responses.
– Inventory valuation
– Receivable valuation
– Going concern
– Unfair dismissal of financial controller
– Increased inherent risk of errors in finance department due to loss of financial controller
– Under or overstated trade payables
– Completeness of administration expenses

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