Question: Develop TWO audit procedures to gather sufficient and appropriate testing for operating expenses, Trade Payables, Accounts Receivables, Inventory, Cost of Goods Sold, Dividends, Cash and

Develop TWO audit procedures to gather sufficient and appropriate testing for operating expenses, Trade Payables, Accounts Receivables, Inventory, Cost of Goods Sold, Dividends, Cash and Cash Equivalents, Other Income and Retained Earnings.

Explain the objective of each procedure: What risk or issue are you trying to address with the procedure?

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