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Audit committee

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit committee

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • June 1, 2018 at 2:40 pm #455275
    talhaferoz
    Member
    • Topics: 21
    • Replies: 22
    • ☆

    Hi

    In one of the past exam questions the question has asked benefits of audit committee for 4 marks.
    This means we have to write 4 points, as each point will carry 1 mark

    In examiners answer one of the point written is that “Audit committee can provide advice on risk management to executive directors. They can create a climate of discipline and control which will reduce chances of fraud and increase public confidence in credibility and objectivity of financial statements. ”

    I want to ask that if the above single point I break it into 2 separate points i,e
    1) Audit committee can create a climate of discipline and control which will reduce chances of fraud
    2) Audit committee will increase public confidence in credibility and objectivity of financial statements

    So would these 2 points be enough to gain 2 marks? Like is point num 1 sufficient to gain 1 full mark and similarly is point num 2 sufficient to gain 1 full mark?

    June 1, 2018 at 5:39 pm #455318
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10599
    • ☆☆☆☆☆

    Yes. I think your suggestion is better than the examiner’s which runs two quite different points together.

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