c. Credit Mall Limited is a listed company, which deals in electronic parts. The company's profit before tax for the year ended 31 December 20X9 is 20.5m and total assets as at that date are 85.5m. You are an audit manager of Gustav & Co and you are currently finalising the audit programmes for the year-end audit of your existing client, Credit Mall Limited. You attended a meeting with your audit engagement partner where the following matters were discussed: Trade payables and accruals Credit Mall purchases its raw materials from a large number of suppliers. The company's policy is to close the purchase ledger just after the year-end and the financial director is responsible for identifying goods which were received pre year-end but for which no invoice has yet been received. An accrual is calculated for goods received but not yet invoiced (GRNI) and is included within trade payables and accruals. The audit strategy has identified a risk over the completeness of trade payables and accruals. The audit team will utilise computer assisted audit techniques (CAATs), in the form of audit software while auditing trade payables and accruals. Bank overdraft and savings accounts Credit Mall's draft financial statements include a bank overdraft of 4.5m, which relates to the company's main current account. In addition Credit Mall maintains a number of savings accounts. The savings account balances are classified as cash and cash equivalents and are included in current assets. All accounts have been reconciled at the year end. Required: (i) Examine the substantive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to the Completeness of Credit Mall's trade payables and accruals. (6 marks) (ii) Describe substantive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to Credit Mall's year-end bank balances. (6 marks)