Question 5b cii
Marking Guide
a)
1 mark per point | |
| para 1 | |
| work in accordance with external standards | |
| work to identify material misstatements | |
| may be other material misstatements | |
| para 2 | |
| shows auditor disagrees with directors | |
| shows auditor view based on standards | |
| para 3 | |
| quantifies effect of non-compliance | |
| shows what depreciation policy normally is | |
| para 4 | |
| confirms quantification of effect on financial statements | |
| so members can see total effect | |
| para 5 | |
| ‘except for’ = material qualification | |
| everything else ok in fs | |
| other relevant points | |
| maximum marks | 6 |
b)
1 mark per point | |
| uncertainty on one item only = modify report | |
| qualification = material ‘except for adjustments that may be necessary’ | |
| maximum marks | 2 |