Question 4b
Marking Guide
1 mark for each area of inherent risk and 1 mark for explaining the effect on the audit approach = 2 marks per linked points | |
| income voluntary only | |
| completeness of income | |
| funds spent in accordance with charity objectives | |
| taxation rules | |
| reporting of expenditure | |
| donation for specific activities | |
| administration not exceed 10% of income | |
| misallocation of capital donations | |
| other valid points | |
| maximum marks | 12 |