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Where the question asks us to evaluate RoMM using analytical procedures, would relevant but general risks still score full credit?
For example;
Listed entity- management bias risk
Group account – intragroup balances risk
International transactions – translation and transactions riskEtc?
Since there isn’t really any place for rote learning in AAA, I think you have to regard these as things you might have on an “ideas list” – but you have to find something else (specific) to hang these ideas on in the scenario. So you will find mentions of management bias and translation risk in recent exam answers – but they are pinned on specific pointers in the scenario.
Otherwise you will writing too generic an answer and missing the real mark-earning points from using the information in the scenario.
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