You have been asked to audit the accounts of your friend’s squash club. The income and expense account shows income from the following sources:

Expenses consist of:

The club has no material assets or liabilities.
State how you would go about the audit of the income and expenses of the club, making maximum use of directional testing.

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Annual subscriptions. Enrolment fees paid by new members. Court fees. Takings from a small equipment shop.