Marks Sub- Total total 8 a. 7 b. With reference to the background information and WP B2, describe the business risks associated with Olaf and it's production process. For the 2021 audit of Olaf, describe the audit risks at the overall financial statement level. With reference to WP B2: i. Identify 5 key controls that the auditors would place reliance ii. For each control above, describe how you would test the control. 10 c. 5 on. 5 8 d. With reference to WP B2, describe the controls that should be in place over vegetables received from the farmers to ensure validity, accuracy and completeness. 10 e. With reference to WP C3, describe the control weaknesses in the child day-care wages system. 12 f. Discuss your concerns that arise as a result of the emails in Appendix A in terms of SAICA's Code of Professional Conduct. With reference to the EWN news article in Appendix B and as an audit manager who is a CA(SA), describe, with reasons, how Ballim should respond in terms of the Auditing Professions Act. 5 5 g. Marks Sub- Total total 8 a. 7 b. With reference to the background information and WP B2, describe the business risks associated with Olaf and it's production process. For the 2021 audit of Olaf, describe the audit risks at the overall financial statement level. With reference to WP B2: i. Identify 5 key controls that the auditors would place reliance ii. For each control above, describe how you would test the control. 10 c. 5 on. 5 8 d. With reference to WP B2, describe the controls that should be in place over vegetables received from the farmers to ensure validity, accuracy and completeness. 10 e. With reference to WP C3, describe the control weaknesses in the child day-care wages system. 12 f. Discuss your concerns that arise as a result of the emails in Appendix A in terms of SAICA's Code of Professional Conduct. With reference to the EWN news article in Appendix B and as an audit manager who is a CA(SA), describe, with reasons, how Ballim should respond in terms of the Auditing Professions Act. 5 5 g