Company A has a number of long- and short-term payables, accruals and provisions in its Statement of Financial Position.

Required:
(a) Describe the audit procedures you would apply to each of the three items listed below, including those relating to disclosure.
(i) A 10-year bank loan with a variable interest rate and an overdraft (a bank account with a debit balance on the bank statement), both from the same bank.
(ii) Expense accruals.
(iii) Trade payables and purchase accruals.
(b) Company B has a provision in its Statement of Financial Position for claims made by customers for product defects under 1-year company warranties.
(c) Describe the matters you would consider and the audit evidence you would require for the provision.