You are an audit senior in ROA Associates. You are part of a team assigned to...

You are an audit senior in ROA Associates. You are part of a team assigned to Lucy Beauty Ltd (a manufacturing firm listed on the GSE). Your team leader allocated to you two of the following components: (ii) Purchases; (iii) Revenue (iv) Cash & bank transactions. (v) Property & Equipment Required a) Identify ALL assertions relevant to the audit of each of the components assigned to you and indicate the possible risk associated with the assertions identified. b) For each risk identified, respond with relevant audit procedures which provide appropriate evidence. c) Outline the relevant internal control considerations and objectives for each of the components assigned to you.

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ekkarill92 answered 1 year ago

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