Beyond the audience and style of the assumptions, are there any fundamental differences between the assumptions we put into the audit trail and the summary? For the summary in paper two, I understand that re-stating the assumptions from the audit trail (or maybe even lifted directly from the question) are worth less than new value adding assumptions. That said, is there a reason why some assumptions are not included in the audit trail in the first place? Or are we to assume that our colleague who wrote the audit just forgot to include all the assumptions? Cheers Pete
No fundamental differences between audit trail & summary assumptions. For new ones in paper 2, there are two types: a few that your colleague didn't think of, and those that relate to the new scenario you need to model.