Question 5iii
Marking Guide
Fire at warehouse
Modification of audit report 3 marks – 1 per well-explained point
modification of report | 1 |
| going concern status? | 1 |
| inadequate disclosure by directors | 1 |
| other relevant points (each) | 1 |
| maximummarks | 3 |
Batch of cheese
Modification of audit report – 3 marks – 1 per well-explained point
preparation of fs breakup basis | 1 |
| prepared going concern basis – emphasis of matter to note this | 1 |
| prepared going concern – but in doubt – emphasis of matter to note this | 1 |
| prepared going concern and disagree – qualify report | 1 |
| maximum marks | 3 |