Question 5a
Marking Guide
up to 1 mark per well explained point | |
| definition of misstatements | |
| definition of uncorrected misstatements | |
| factual misstatements | |
| judgemental misstatements | |
| projected misstatements | |
| auditor should accumulate misstatements | |
| consider if audit strategy/plan should be revised | |
| assess if uncorrected misstatements material | |
| communicate to those charged with governance, request changes | |
| if refused then assess impact on audit report | |
| request written representation | |
| max marks | 4 |