As a part of a recent audit, a summary of the audit team 's planning meeting identified the following specific risks Employee benefits expense The superannuation rate changed on 1 July 2021 Due to a lack of controls and processes around payroll, there is a risk that the employee benefits expense is...

Employee benefits expense Assertion at risk The employee benefits expense is calculated on an expired superannuation rate Substantive test of details ...

As a part of a recent audit, a summary of the audit team's planning meeting identified the

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As a part of a recent audit, a summary of the audit team's planning meeting identified the following specific risks.

Employee benefits expense
The superannuation rate changed on 1 July 2021. Due to a lack of controls and processes around payroll, there is a risk that the employee benefits expense is calculated on an expired superannuation rate.
Trade receivables
There is a risk that there are long-outstanding debts within this balance that are not recoverable.
Trade payables
There is a risk that the trade payables amount has been understated.

For each of the three financial line item above, determine the key assertion at risk and design a substantive test of details to address each assertion at risk.