Audit procedures & audit evidence

I am sorry but we (OpenTuition) do no have the resources to offer a marking service.
I strongly recommend that you invest time in the “article” linked to the sticky/star post at the top of this forum “Read the mind of an AAA marker – ESSENTIAL READING”.
The takeaways from this should be:
– Published marking schemes are very comprehensive and cover the vast majority of answer points
– If your answers points are “close”/along the “right lines” – they will earn credit (only if it is too vague would you get nothing)
– If your answer point is not even touched on in the model answer, chances are it is simply wrong or it is not relevant – in either case it is not “acceptable” (in so far as it earns nothing).

I cannot mark what you have written but I will use two of your points to illustrate:
“A list of potential buyer to confirm the sale is probable after year end” – I would say NO. For one thing, the condition is “highly probable”. You might get 1/2 a mark for wanting to know who the potential buyers are – but it would need to be expanded (e.g. to know stage of negotiations) to get full mark (see answer point starting “Information regarding the potential acquirers …”)
(c)(ii) I think NO – whatever their rationale, it’s wrong, so not a “principal” audit procedure. I would reserve “discussion” of “rationale” to discussion of business/commercial rationale of a transaction (as a procedure in gaining an understanding) – not its accounting treatment (when you already know/understand it is wrong).
(See also 2. in this post https://opentuition.com/topic/ryder-group-cd/)

Re your last question “Is it for questions about fair value, net realisable value, our audit procedures can use independent audit expert and audit evidence can be independent expert report?” I think you have to be very careful referring to expert(s) – that an amount is a fair value does not automatically mean “get an expert”. Nor should you suppose that just because a client’s business seems a little “specialised” that it’s beyond the competence of the auditor without the help of an expert. (I was an auditor for two years in a small country which had no experts like actuaries – we just had to get on and audit without!) You should however recognise when you would expert a client to have an expert – e.g. a construction company will employ/hire the services of a quantity surveyor. In this case some reference to an expert is likely to be relevant – but read the requirements carefully and never “knowledge dump”.

You are welcome!