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(a) Porter’s generic stategies: Cost Leadership, Differentiation and Focus and (b) 5 forces model help in performance mgt process.
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Yes they have been out of syllabus
Have to follow up with the debtors, phone them but permission should be taken from the mgt
The positive confirmation request is preferable as it is designed to encourage definite replies from those contacted.
If directors do not agree to amend FS, the auditor will make a statement in AGM and seek legal advice.
Correct
Thanks Pondo
Reviewing the working paper of the predecessor auditor where the prior period ‘s financial statements were audited and match same with the opening balance of the financial statements under review.
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