2) Is the confirmation of cash and accounts receivable required according to auditing standards? Explain. (4 marks) 3) In the audit of payroll, auditors often examine the endorsements on a sample of cancelled payroll cheques. What is the purpose of this procedure? (5 marks) xplain why auditors must put greater emphasis on the completeness assertion when auditing accounts payable. Contrast this with the audit of assets. (5 marks) 4) E