Question 4c
Marking Guide
| (c) | examination of forecast | |
| up to 1 mark for identification of a relevant procedure and a further 1 mark if adequately described, but maximum 6. | ||
| opening balance | ||
| accuracy of past forecasts | ||
| assumptions | ||
| sales budgets | ||
| non-current assets required | ||
| increased working capital required | ||
| review post year end period | ||
| recalculate and cast the cash fl ow forecast | ||
| review board minutes | ||
| review the work of the internal audit department | ||
| maximum marks | 6 |