CA (Protected View) - Word (Product Activation Failed) 3 Review View Tell me what you want to do Help Enable Editing ases. Unless you need to edit, it's safer to stay in Protected View Class Activity QUESTION #1 You are on the audit of a company with Year ending December 31, 2019. Substantive Testing can be done either through Substantive Analytical Procedures or through Substantive Tests of Details 1. For each of the following, perform substantive analytical procedures to verify the balances. 2. Based on your results, suggest whether the substantive analytical procedure is sufficient or not. If not, suggest what could be the reason and what the auditor should do next. a) Petrol cost related to sales teams cars (7 marks) b) Canteen cost (3 marks) Data: last year (2018) petrol cost Rs 5,400,000 Current year (2019) petrol cost Rs 7,741,000 Number of sales team cars in 2018 = 45 Number of sales team cars in 2019-54 Average petrol rate in 2018=85 Average petrol rate in 2019 - 105 At the start of this year you have shifted from PSO to Shell cards and have received a 5% discount on your bill Last year canteen cost = Rs 12,500,000 This year canteen cost=Rs 13,500,000 Last year average employees = 125 Last year average employees = 140 Average food inflation % 14%