As a senior auditor on the E&U Accounting Firm you are assigned the following tasks:

1) Auditing sales and accounts Receivable Cycle Accounts.

2) Auditing Expenditures & Accounts Payable Cycle Accounts.

3) Auditing Payroll Cycle Accounts.

For each of audited cycle mentioned above, prepare a plan that describe the following:

a) Audit objectives/management assertions to be investigated.

b) Audit Procedures/Evidence to be obtained.

c) Main Auditor’s Concern about the misstatements Risks for each Transaction cycle.