[annyz]

Dear Sirs,

i have the same doubts too.
When i saw the answer booklet with Question 1,2,3,4,5,6,7,8,9,10,11,12 in bubble only, i did not know what should i circle.
So i just indicated my answer as SECTION B (no.16), SECTION B (no.17) and SECTION B (no.18) on top as Header.
Would i be penalized for not circle the bubble?

Thank you.

[annyz]

Dear Sir,

Thanks for highlighting that i need to consider Good Debt cases and financial difficulties cases.

If the Debtor was announced publicly that liquidation in process, provision should be made?
For example, Borders Bookstore went into liquidation.

Thank you.

[annyz]

Thank you.

[annyz]

Thanks for the answer.

i came across the Question said the son of External Auditor held a position of Sales Manager. And no Safeguard required as Sales Manager would not be involved in Financial Statements Preparation. Does that mean we need to determine the Post of the related person before safeguard take into consideration?

Internal audit’s scope of work is more of internal control environment or work required by Management. It’s not so important that any siblings/relatives/spouse has share dealings or hold position in ABC listed company.
Is my understandings correct?

[annyz]

Thank you. Sir.

Actually i don’t understand what our consultants trying to achieve.

[annyz]

Thanks

[Author]

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