5  Basking Co 
  In general up to 1½ marks for each relevant and adequate point of explanation. Award ½ mark for identification of a relevant matter and up to a further 1 mark for appropriate discussion. ½ mark should be awarded for relevant points which are either too brief or poorly explained.
  (a)  Types of misstatement
   –  Identification and discussion of types of misstatement (max 1 mark)
   –  Impact on evaluation of impact on financial statements
   –  Subjectivity involved in judgemental matters
   –  Potential inaccuracy of projected misstatements
   Maximum marks  5