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Dear Mike,
I am reading the marking scheme for Sep/Dec 2017 5(b1) and 5 (b2), and noticed that for 5 (b1) marking scheme awards a mark for “Auditor should investigate revised non-current asset register”.
However, for 5 (b2) the marking scheme does not include a point ” Auditor should review the amended notes for the full details of the loan to ensure its completeness and accuracy”.
My question is I think both scenarios are very similar, as auditor discovered errors with the financial statements which will require adjustment. However, why answer for 5(b1) mentioned the auditor should perform audit procedures on the adjustment while answer for 5 (b2) does not mention the same?
Or it does not really matter whether to mention similar point in similar scenarios as long as we have written 5 points to attract 5 marks?
Thank you.
Regards,
MarthewI can’t imagine why the second comment has been omitted – it seems perfectly reasonable to me
But you’re correct in this … 5 correct, relevant, markable points will earn you 5 marks
Having said that, the marking scheme for the three separate 5 mark sections of part b show 6, 5 and 7 markable points respectively so why has the scheme omitted the step of ensuring that management make the amended financial statements available for subsequent auditor review of the amended notes?
I don’t know the answer to that one, sorry
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