Question 3a
Marking Guide
understanding entity and environment | |
| 1 mark for each explanation of reason, but maximum 4. | |
| risks of material misstatement | |
| design and performance of audit procedures | |
| identification of assertions | |
| adequacy of accounting system as a basis for preparing financial statements | |
| assessment of competence to perform the audit | |
| understanding relevant law and regulations | |
| consider the reliability of evidence sources | |
| maximum marks | 4 |