Ryder Group S19/D19

In AAA you aren't expected to identify/reference/state every assertion (as is expected in AA). As you should now be able to appreciate from the example you have given, "the risk" relating to disclosure not only affects the assertion of presentation, but also classification and valuation.

You are misinterpreting the requirement: (a) Evaluate the significant audit risks to be considered in planning the Group audit for the financial year ending 30 September 20X5 .... THIS IS THE MAIN REQUIREMENT ... Given the planned Group restructuring, you should evaluate audit risks relating to disclosure issues at this stage in the audit planning.... DOESN'T MEAN THAT ALL THE SIGNIFICANT RISKS ARE TO BE RELATED TO DISCLOSURE - only that you should consider those that are relevant. (In a different Q the examiner may say to IGNORE disclosure risks at the planning stage because they will be considered later.) PLEASE look AGAIN at the two half pages of assertions as summarised in Chapter 16 of AA: 2. ....and related disclosures 3. ... and related disclosures It is the risks associated with these that the examiner may specify that you include or ignore.