Requirement (aii) was for 3 marks and asked for an explanation of any reporting that should take place by the audit senior. Candidates who had identified money laundering as an issue in (ai) usually scored well here, describing the need to report to the audit firm’s Money Laundering Reporting Officer, and what should be reported to them. Weaker answers discussed the audit report or that the fraud / money laundering should be reported to the client’s management - this is not good advice given that the owner- manager was the person acting suspiciously and would have resulted in him being tipped off.