audinting

Following clip shows a portion a Financial Statement of a public limited company. Balance Sheet as at 31st March, 2020 (Amount in Rs.) Note As at As a 31st March, 2020 31st March, 2019 EQUITY AND LIABILITIES Shareholders' Fund (a) Share Capital "1" 18,81,36,000 18,81,36,000 (b) Reserve and Surplus #2" (2,06,72,005) 20,69,69,831 2 Non-Current Liabilities (a) Long Term Borrowings "3" (b) Other Long Term Liabilities 15,60,13,284 15,54,37,050 (c ) Long Term Provisions #5" 7,75,97,217 8,12,32,657 3 Current Liabilities (a) Short Term Borrowings "6" 13,25,10,171 13,47,45,729 (b) Trade Payables 91,43,507 2,57,95,405 (c) Other Current Liabilities 26,27,99,225 28,91,32,543 (d) Short Term Provisions 1,50,000 Total 80,55,27,399 1,08,15,99,214 B. ASSETS 1 Non-Current Assets (a) Fixed Assets (i) Tangible Assets -10 12,71,85,993 14,25,68,898 (ii) Intangible Assets (iil) Capital Work-in-Progress 28,75,000 28,75,000 (iv) Intangible Assets under Development (b) Non-Current Investments "11" 2,500 2,500 (c ) Long Term Loans and Advances #12" 9,59,99,651 9,43,50,879 (d) Other Non-current Assets 49,12,214 49,12,214 (e) Deferred Tax Assets(net) 64,82,842 64,82,842 2 Current Assets (a) Inventories "14" 44,99,85,146 43,50,04,389 (b) Trade Receivable #15" 64,93,159 81,69,706 (c ) Cash and Cash Equivalents #16" 99.55.246 87,58,628 (d) Short Term Loans and Advances #17" 9,99,21,478 37,57,91,301 (e) Other Current Assets #18" 17,14,170 26,82,857 Total 80,55,27,399 1,08,15,99,214 Prepare Overall Audit Strategy, Audit Plan and Audit Program. Audit program should be prepared only for the Asset items contained in the Financial Statement. The program should be developed in such a way that all the assertions can be tested. The program should contain a combination of all audit procedures. [2+3+15