Question 5b i/ii
Marking Guide
(i) auditor and fraud | |
| 1 mark each for each valid responsibility: | |
| – overall responsibility | |
| – materiality | |
| – approach to audit | |
| – identification of fraud | |
| – other relevant points | |
| maximum marks | 4 |
| (ii) reporting options regarding fraud | |
| up to 2 marks each for each valid explained option – 0·5 for each body – then up to 2 if good reasons given for reporting to that body. | |
| – audit committee | |
| – government | |
| – members | |
| – professional body | |
| – other relevant points | |
| maximum marks | 6 |