Question: audit course answer the question fully please with the required that needed Question 4 (25 Points) Auditor estimated the following Planned Detection Risks for the

audit course

answer the question fully please with the required that needed

Question 4 (25 Points) Auditor estimated the following Planned Detection Risks" for the cycles: 1. Sales and Collection Cycle: High 2. Acquisition and Payment Cycle: Medium 3. Payroll and Personnel Cycle: Low 4. Inventory and Warehousing Cycle: Medium 5. Capital Acquisition and Repayment Cycle: Medium Required: i. Which cycles will become the easiest and the hardest to audit? Please explain in detail with your own examples. (10 points) ii. How will "highly effective internal controls" affect the given "planned detection risks?" Please explain in detail with your own examples. (15 Points)

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