Question: please answer step by step and write the answer by keyboard to read it clearly. QUESTION 2: Audit Procedures. Your company has been appointed as
QUESTION 2: Audit Procedures. Your company has been appointed as auditors of Midland Airways, which is an airlines company based in the UK. The company is presently going through the annual external audit. During the course of the audit, the senior audit manager has discovered some discrepancies with regard to sales items that are asserted in the financial reports for 2019: Some sales have been included in 2019 when they clearly belong to 2020 financial year. Some sales invoices appear not to exist in relation to some online ticket sales transactions. Furthermore, the audit manager could not reconcile payments to suppliers' invoices. Some invoices are showing the wrong destinations for customer bookings. Required: Using the three audit procedures listed below and apply these procedures to the SALes assertion explaining the procedure and providing an example from Midland Airways. Cut-off test: Explanation: Example from midland airways: Completeness test: Explanation: Example from midland airways: Classification test: Explanation: Example from midland airways
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