Question: Give two (2) examples where observation is a useful technique to examine operational risks and related controls. Explain how an auditor would perform each of

  1. Give two (2) examples where observation is a useful technique to examine operational risks and related controls.
  2. Explain how an auditor would perform each of the following procedures in the audit of Accounts Receivables:
  1. Trace
  2. Vouch
  3. Reconcile
  4. Foot
  5. Cross-foot

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