YOU ARE REQUIRED TO describe the application controls you would expect to find in place at Hay Sixteen (Pty) Ltd to ensure that salary payments are valid, accurate and complete. 3 | P i i (20 marks) Excluding the parabiaph dealing with "Other reports required by the Companles Act" the Question 4 unmodified audit report consists of four clearly Identiflable paragraphs. However, in some instances the untwodified sudt report may be expanded. a) Wicntify the four clearly Wentifiable paragraphs in the unmodified audit report and describe YOU ARE REQUIRED TO: {10} biefly what will be contained in each. bj explain the circumstances under which the unmodified audit report will be expandecl. (5) c) identify and describe briefly any add tional paragraphs which may arise as a result of (5) expanding the audit report. (12 marks) Question 5 YOU ARE REQUIRED TO: 1. Comment briefly on the following concerning the Finance and Investment cycle: i. Frequency of transactions