a. Describe external auditor's responsibilities and the work that the auditor must perform in relation to the going concern status of a company. 15 Marks. b. Describe the possible auditor's opinion that can be issued where the going concern status of a company is called to question; stating the circumstances in which they can be issued.15 Marks. Q3. An effective and efficient audit relies on proper planning procedures. The planning process is covered in general terms by ISA 300, planning an audit of financial statements which states that the auditor shall plan the audit so that the engagement is performed in an effective manner. Briefly outline five (5) importance for planning an audit as per ISA 300. Q4. 10 Marks There are specific regulatory obligations that are imposed on Accountants in relation to detecting and reporting money laundering activities. You have been asked to provide a training sessiondraft to new Audit Juniors on Accountants responsibilities to the subject matter. Required: a. Explain the term money laundering and furnish them with critical examples and illustrations. 10 Marks b. Explain the policies and procedures that a Firm of Chartered Accountants could use to demonstrate their responsibilities to detecting or avoiding the incidence of money laundering. Q5. 10 Marks Control activities as per ISA 315 et al are those policies and procedures that help ensure that management directives are carried out. Required: Briefly discuss five (5) control activities and provide relevant practical examples to support each of those activities. (You may draw a two-column table for this requirement.) 10 Marks