Question 3a
Marking Guide
Up to 1 mark per valid point
– ISA 210 provides guidance
– Determination of acceptable framework
– Agreement of management responsibilities
– Preparation of financial statements with applicable framework
– Internal controls
– Provide auditor with relevant information and access
– If preconditions are not present discuss with management
– Decline if framework unacceptable
– Decline if agreement of responsibilities not obtained
max marks 3