Question 3b
Marking Guide
up to 2 marks per well-explained point | |
| regulation | |
| reports to the board | |
| liaison with external auditors | |
| monitor effectiveness of internal controls | |
| value for money audit | |
| risk assessment | |
| taxation services | |
| decrease external audit fee | |
| monitor overall strategy of company | |
| improve customer confidence in company | |
| other valid points | |
| maximum marks | 8 |