Part (c) for 3 marks required candidates to explain three procedures an auditor should perform when conducting an overall review of the financial statements. Performance on this question was disappointing.

This question tested knowledge of completion procedures specific to reviewing the draft financial statements, however the vast majority of candidates did not provide valid answers and this was clearly a gap in their technical knowledge. Candidates are reminded that they must study all areas of the syllabus as it is all tested over a number of diets.

Some candidates were able to correctly identify that analytical review to form an overall conclusion was required. However, those candidates who did not score well focused on general completion procedures such as going concern and subsequent event reviews, or they focused on the different stages in the audit being planning fieldwork and completion.