1. Beluga Ltd is pharmaceutical company that operates in twenty countries around the world. The company want to increase its market share and catch the leadership in the market. In order to achieve this objective director gave a task to Intenal Audit Department. Their main task is to control sales system of the company. During the investigation some issues came to the light: One worker takes orders, records sales and receives payments for any sale transaction. During this process he spends about 2 days for each activity which is not efficient for the company. Sales person recognizes sales without any approved sales order form. Only after recording sales transaction he gets sales order form. Shipping documentation is not forwarded to the invoicing section on daily basis. All shipping documentations are forwarded only once a week. Additionally, all good that are shipped are not invoiced daily. At the end of each month there is always problem in sales system, where sales are recorded completely. Sales manager does not check this. Required: Describe which financial statement assertions that are breached. For each assertion introduce suitable control and test of control