Audit procedures (continued)

I’ve just read the examiner’s report – it’s a 3 part question and looks like an 8/8/4 mark split

One obvious point that I missed was the courtesy letter to the auditors – the forensic team is not part of the audit firm

So, if it’s an 8/8/4 split and there are two parts to part b) in the question, that suggests 4 points for incorrect rebate treatment and 4 more for incorrect placement income

And if it’s an even split of 4/4 then you should be aiming to write 4 separate, correct, relevant, markable points for each of those two matters

Whether I earned full marks remains to be discovered upon publication of the suggested solutions

However, I will say that I don’t believe that any of the points that I raised were particularly ‘smart’ or beyond the capabilities of any P7 aspirant

It takes a bit of thought, imagination and an ability to elect yourself to the forensic team, transport yourself to the premises of the errant client, and set about designing the questions to ask the client for material and information that would then help you to determine the extent of the client’s manipulations

Basically, it’s a matter of common sense!

Let your imagination free to fly wherever it will 🙂