PLEASE WRITE ENOUGH ACCORDING TO THE POINTS GIVEN

Q.1 a) Cavendish University has approached and entrusted you with the responsibility of auditing their books of accounting to determine their way forward whether to review and start more programs or shelf the unpopular ones ISA 230 Audit documentation requires an auditor to prepare audit documentation for an audit of financial statements on a timely basis. Required: i Prepare your how you are going to approach this work m(10 marks) i. Assist them to validate the main contents for a "permanent audit file" and "current file audit file" (8 marks) ii. Describe the benefits of documenting audit work. (10 marks) iii. Advise them on the key internal control system they can adopt for better performance (12 marks) Explicate the potentials of good working papers for their entity (8 marks) 1V