(b)

½ mark per valid point.
– Objective/scope
– Responsibilities of auditor
– Responsibilities of management
– Identification of framework for financial statements
– Form/content reports
– Elaboration of scope
– Form of communications
– Some misstatements may be missed
– Arrangement for audit
– Written representations required
– Basis of fees/billing
– Management acknowledge letter
– Internal auditor arrangements
– Obligations to provide working papers to others
– Restriction on auditor’s liability
– Arrangements to make draft financial statements available
– Arrangements to inform auditors of subsequent events 3