Hello, I need the answer for some Audit questions please. Thank you very much.

Q1): With reference to substantive procedures to be performed on Cash and Bank:

(a) State principal risks of misstatement in Cash and Bank.

(b) Explain at least five audit procedures undertaken by the auditor in respect of bank reconciliation statement.

(c) Describe TWO substantive procedures the external auditor should adopt to verify EACH of the following assertions in relation to Cash & Bank:

1.completeness;

2.Accuracy;

3.Posting & Summarization

4.Existence

5. Cut-off/Timing

Q2): Identify substantive procedures to be performed on Accruals, Provisions and Contingencies:

(a)State why these areas are considered difficult for auditor.

(b)State the disclosures which must be included in notes to the accounts.

(b) List any five substantive procedures for the verification of each of the following:

(i) Provisions (ii) Contingencies

Q3): With reference to substantive procedures to be performed on Equity:

Identify the substantive procedures for verifying:

(i)share capital.

(ii) Reserves

Q4):With reference to substantive procedures to be performed on Income Statement, describe the audit procedures following items are fairly stated.

a)Sales.

b) Purchases.

c) Payroll Cost

d) Expenses

e)Directors' remuneration & bonus

f)Depreciation