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Audit procedures question

WWong2y ago
Hi Sir, I would like to ask about how to answer the audit procedures question. Can we write in point forms (I mean writing answers with "-" as in the exam kit)? Below is copied from the exam kit. Audit procedures in respect of The Nakatomi Building – Review board minutes for details of the reason for the purchase, to understand the business rationale, and confirm board approval of the transaction. – Agree the $15 million paid to the company’s bank ledger account/cash book and bank statements. – Agree the carrying amount of the property to Gruber Co’s non?current asset register to confirm the initial value of the property has been recorded appropriately. Thank you.
KimKimTutor2y ago#1
WELCOME to my AAA forum! Putting a "-" of a blob before each sentence does not make it "point form", meaning "note form". Taking the examples you have copied, the 1st and 3rd points would each carry a full mark because they include a purpose/objective - the 2nd point would be only 1/2 a mark.
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