Explain or Discuss the matters to consider

This expression is consistently used where the examiner is asking you to respond to a situation that you have come across during the course of the audit. Typically there will be three areas in an exam question where the client entity has accounted for a transaction / situation (probably) in a manner that is contentious or questionable It ties in quite closely with P2 type questions but in P7 there is obviously a slant towards the auditing on these contentious treatments I suppose that you could include within an answer such points as ethics, professionalism, accounting treatment, integrity of client personnel, legal implications, going concern, effect of audit report, risk management ... It's open-ended - discuss / explain those thoughts that come into your head were you to appoint yourself as the audit manager / audit partner for this client Does that make it any better ... or worse?

A lot clearer. Thank you

You're welcome