Question: Please help me with this question I am stuck at it :) QUESTION 2 Your firm is the external auditor of Sporty and Healthy Berhad

Please help me with this question I am stuck at it :)

QUESTION 2

Your firm is the external auditor of Sporty and Healthy Berhad (SAH), a listed company, for the year ending 31 December 2020. SAH is a retailer of discounted branded sports footwear, clothing and accessories at up to 50% off their recommended retail price. SAH sells goods from 110 stores across Malaysia and through its own website which was launched on 1 January 2020. SAH owns a warehouse in Cyberjaya which holds goods prior to despatch to its stores and online customers.

You are the audit senior and the engagement partner has asked you to consider the following two key areas of audit risk:

(1) Going concern

(2) Provision for redundancy costs

The engagement partner provided you with the following extracts from the financial statements:

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