You are an audit senior performing the audit of Stella’s Stars Ltd., a talent agency. In performing the audit, Stella informs you of the following:

1. She does not want you to send the bank a confirmation because she objects to the cost and feels that the year-end bank statement issued by the bank should be sufficient.

2. She would like you to prepare the bank reconciliation at the end of the year.

3. She would like the audit done within one month of the end of the fi nancial year.

Required

Write a memo to your audit manager outlining any concerns you might have with any of Stella’s requests.