Question 3a
Marking Guide
up to 1 mark per well explained point | |
per isa 240 – obtain reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error | |
identify and assess the risks of material misstatement due to fraud | |
obtain sufficient appropriate audit evidence | |
respond appropriately to fraud or suspected fraud identified during the audit | |
maintain professional scepticism throughout the audit | |
discussion within the engagement team | |
max marks | 4 |