Question: 2. Explain how a provision should be recognised when according to MFRS 137. [8 marks] 3. Describe the responsibility resting on the shoulders of the

2. Explain how a provision should be recognised when according to MFRS 137. [8 marks]

3. Describe the responsibility resting on the shoulders of the group auditor. [8 marks]

4. Explain the four (4) main types of risks in the audit risk model for audit planning. [8 marks]

5. Provide the gist of "International Standard on Auditing (ISA) 701: Communicating Key Audit Matters in the Independent Auditor's Report". [8 marks]

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