This question requires candidates to explain the extent of a company auditor’s duty of care and to whom such a duty is owed.

8–10 marks 
A thorough understanding of how professional negligence applies to auditors demonstrated by references to cases or examples.

5–7 marks 
A clear understanding of the topic, perhaps lacking in detail.
Alternatively an unbalanced answer showing good understanding of one part but less in the others.

2–4 marks 
Some, but limited, understanding of the topic, or clear understanding of only one aspect.

0–1 mark 
Little or no knowledge of the topic.