8:59 S. bb.uop.edu.jo Q1: [12 Marks) You are auditing the 2020 financial statements of ABC Co. a wholesaler trading company. A lockdown has been enforced due to covid-19 pandemic. For the Transaction Cycles: A-Revenue/Sales Cycle. [6 Marks) B- Purchase/Disbursement Cycle. [6Marks] 1. What Key Audit Matters to be considered due to the incident? consider the Audit Risk Assessment process, 2- Describe the Internal control aspects to be understood and test? 3- Substantive procedures to be performed? 4- How can the lockdown affects going concem issue? You are expected to make appropriate: assumptions, explanations & Justifications in your answers. Question-2-[8 Marks] Identify the Ethical issue that should be taken for each of the forme ases, and