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Hi
Just a quick question, please can someone tell me how the examiner wants question A1 answered?
So far as i know Audit risk and Business risk should be answered using the MARE format which is Materiality, Accounting treatment, Risk and Evidence.
But how do i answer the material misstatement question !? is there a format … i have heard someone mention MARP … not sure what that is?
thanks 🙂
Have you thought about reading the answers to past exam questions concerning risk and seen how those answers tackle the problem?
That would be a good idea anyway as an integral part of your preparation for December 2017 P7 exam – read a revision kit (twice if you can face it!)
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