[nonosi]

@minousha said:
Qstn 1 (a) business risks (8)
(b) RoMM (18)
(c) principal audit procedures in respect of grant received from govt (6)
(d) matters to be considered whether to accept an audit engagement or limited assurance review (8)
(e) could a fraud be detected in previous years if audit or limited assurance review was done (6)

Qstn 2 (a) use analytical review to assess going concern issues (10)
(b) audit evidence expected to find when reviewing cashflow forecast in respect to GC issues (9)
(c) possible reasons why management may refuse to make disclosures regarding uncertainties in going concern and impact on audit report (6)

Qstn 3 (a) measures put in place regarding anti money laundering programme (4)
(b) indicators of money laundering from scenario (6)
(c) ethical and professional issues (15)

The questions were not so difficult but were time consuming.

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