(a) Explain why the account balance is at significant risk of material misstatement. (3 marks)

(b) Explain the key assertion at risk of not being valid. (1 mark)

(c) Detail one (1) relevant substantive audit procedure to address the assertion at risk as identified in b) above. (1 mark)

(d) Detail one (1) relevant practical internal control that would mitigate the risk in relation to the assertion at risk as identified in b) above. (1 mark)

company name: hello world travel ltd.