Explain how an auditor tests the completeness of the accruals in the financial statement. [10 marks]

The auditor should adhere to the following audit procedures to test the completeness of accruals in the financial statement:

1. Obtain detailed listing of accruals - explain

2. Compare and verify the accrued amount - explain

3. Consider clients system - explain

4. Consider justification - explain

5. Reperform calculations - explain

Give an example.