Up to 1 mark per well described procedure.

Review cash flow forecasts
Sensitivity analysis
Discuss if new customers obtained
Review post year-end sales and order book
Discuss if replacement specialist developers recruited
Review bank agreements, breach of covenants
Review bank correspondence likelihood of overdraft renewal
Review shareholders’ correspondence
Discuss if alternative finance obtained
Enquire of lawyers any further litigation and likelihood of Clarinet making payment to customer who may sue
Subsequent events
Board minutes
Management accounts
Additional disclosures required by IAS 1
Consider going concern basis appropriate
Written representation

max marks 6