Q no.2 Assertion and Substantive Testing (10 M) Listed below are assertions for some classes of transactions and accounts. Provide details of two different substantive tests that an auditor can undertake to gain appropriate evidence about each assertion. TESTS AN AUDITOR CAN UNDERTAKE TO GAIN APPROPRIATE EVIDENCE ABOUT THE ASSERTION (2 marks each) 1. Assertion of sales 2. Accounts payable 3. PPE 4. Equipment 5. Valuation and Allocation of Property Plant and Equipment 6. Accuracy of Payroll Transactions 7. Rights and Obligation of Assets DAR