Question 2c
Marking Guide
| up to 1 mark | per well explained point |
– review compliance with accounting standards and local legislation disclosure | |
– review the disclosure of the accounting policies | |
– review to ensure consistency with the auditor’s knowledge of the business and the results of their audit work | |
– review the financial statements to assess whether adequately reflect the information and explanations previously obtained and conclusions reached during the course of the audit | |
– performing analytical procedures of the financial statements to form an overall conclusion | |
– review aggregate of uncorrected misstatements to assess whether material in aggregate | |
– assess whether the audit evidence gathered is sufficient and appropriate | |
| (maximum 3 marks) |