3. You are an auditor with Chambers and Arnold and involved in the audit of the financial statements of a manufacturing company with a significant amount of trade account receivable. You are satisfied that the accounts are correctly summarized and classified, and that allocations, reclassifications and valuations are made in accordance with IFRS. You are planning to use accounts receivable confirmation requests to obtain sufficient, appropriate evidence as to trade accounts receivable. Required As auditor what steps would you perform if there is no response to your second request for a positive confirmation? (6 marks) 4. You are the audit senior in charge of the audit of inventory for Corona Ltd, a tablet retail chain in Montego Bay. To ensure tablets are quickly delivered to stores, the company operates two warehouses in Spanish Town and Mandeville. Today you and your team are observing the inventory count at Spanish Town. Required a) There was a flu outbreak in Spanish Town and half the warehouse staff call in sick. The manager of the warehouse has requested you and your staff to assist in the stock-taking process. Explain whether you and your staff should help or not. (3 marks) b) You find twelve obsolete tablets during the count. State what you should do