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Audit procedures question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Audit procedures question

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by AvatarKim Smith.
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  • February 20, 2024 at 7:55 am #700715
    AvatarIcedBlaze
    Participant
    • Topics: 4
    • Replies: 0
    • ☆

    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.

    February 20, 2024 at 12:09 pm #700730
    AvatarKim Smith
    Keymaster
    • Topics: 138
    • Replies: 8463
    • ☆☆☆☆☆

    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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