[josgun]

Hi.
I sat afternoon session, AAA INT.
Here is what I remember:
Q1
-Audit risks 18 marks (company designed and produced boats for fishing industry)
-Justify why inventory (made of raw materials, work in progress and finished goods) is material and audit procedures regarding this (14 marks I guess)

Q2
Communication with TCWGM
Critics to Key audit matters section from audit report

Q3
Group audit
– Evaluate etical matters in whether audit commettee should appoint one or the other auditor who were in tender
– evaluate why matters should be included in the report to be sent to management

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