Interim financial statement review

Up to 1½ marks for each matter to be considered in forming conclusion/implication for report:

– Interim financial information should use applicable financial reporting framework
– Identify and explain unrecognised provision
– Correct calculation of materiality (1 mark)
– Communicate necessary adjustment to management/those charged with governance
– If amount unadjusted, the conclusion will be qualified
– Reason for qualified conclusion to be explained in the report
– Consider withdrawing from engagement/resign from audit appointment

Maximum marks 6