EarthWear case study:

understanding the entity:

-entitys business and it's industry and environment?

-entitys accounting policies and practices?

-entitys financial performance?

-conclusion related to the entity inherent risk:(low/moderate/high) explanation?

Marking schemes 5 10 Company General Information Section 1: Assessing Inherent Risk A. Entity's business and its industry and environment B. Entity's accounting policies and practices C. Entity's financial performance D. Conclusion related to the entity Inherent risk: (Low/moderate/ High), explain. 10 10 5 Marking schemes 5 10 Company General Information Section 1: Assessing Inherent Risk A. Entity's business and its industry and environment B. Entity's accounting policies and practices C. Entity's financial performance D. Conclusion related to the entity Inherent risk: (Low/moderate/ High), explain. 10 10 5