(a) AirTig is a telecommunication company in Ghana. You have been contacted as a consultant for the company to develop a Cash Flow Statement in support of a financial assistance from a financial institution.

Required;

Develop a Cash Flow Statement using eight operating cash flows two of which should be cash inflows and six cash outflows for five years. (5 marks)

State six appropriate assumptions for the cash flows. (3 marks)

Recommend any four audit procedures which should be performed assuming that you are an auditor for the telecommunication company. (2 marks)