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.
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Audit procedures question
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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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