Question: Detail the difference between the audit focus when executing procedures to test expenditure and liabilities. Discuss the factors that may increase the risk at financial

Detail the difference between the audit focus when executing procedures to test expenditure and liabilities.

Discuss the factors that may increase the risk at financial statement level of the testing of the expenditure and liabilities sections. 

Discuss the procedures that should be followed by the audit team when inadequate segregation of duties was identified during the pre-engagement

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