Up to 1 mark per well described procedure.

Cast schedule of directors’ remuneration including the bonus paid
Agree the individual bonus payments to the payroll records
Confirm the amount of each bonus paid by agreeing to the cash book and bank statements
Review the board minutes to confirm whether any additional bonus payments relating to this year have been agreed
Obtain written representation from management
Review disclosures and assess whether these are in compliance with local legislation

Max marks 3