** ****Please do not copy and paste. I want a unique answer

****Please use the keyboard to answer

Subject: ACCT-401: Auditing Principles & Procedur

IMPORTANT NOTES: Answer in your OWN words, DO NOT COPY from slides, fellow students, or internet sources without proper citation.

Q1. What are the substantive analytical procedures used to test the revenue process? Explain what assertions about class of transactions the auditor applies to collect the evidence.

Your answer should have a minimum of 150 words. (5 Marks)

Q2. Explain major inherent risks in the payroll cycle. Give examples of documents that auditors should review to identify those risks.

Your answer should have a minimum of 150 words. (5 Marks)

Q3. You are the senior auditor in an engagement and are at the stage of performing the test of details of a franchise contract in the audited company. Provide examples of transactions and documents you will be using in the test.

Your answer should have a minimum of 150 words. (5 Marks)