Fabian Pinto has not taken any holiday or sick leave since 2017. Required; Investigate the payroll and write a report to management of Mono Distilleries. 10 marks SECTION B Q2 "An auditor's objectivity must be beyond question. It has been suggested this can only be assured if the auditor is, and is seen to be, independent. Required: Identify and explain Five (5) common threats to auditor independence. 20 marks Q3 The COSO framework identifies 'control environment' as one of the main components of internal control assessments. Outline and explain the general principles under control environment.' 20 marks 04 Evaluate the main arguments against the provision of non-audit services by auditors to audit clients. 20 marks 05 Outline and discuss three (3) benefits and three (3) challenges of adopting a risk-based approach to an audit engagement. 20 marks Section A. This Question is COMPULSORY Q1 (a) You have been invited by the Managing Director of Nasiina Ltd to brief staff of the internal audit unit on steps in investigating a suspected fraud case. Draft your presentation 10 marks (b) The following are extracts from the payroll division of Mono Distilleries for January 2019; Name Nuru Gambo Kwasi Osei Fabian Pinto Arimeyaw Kwesi Ziem Afia Wunnam Atchulo Telephone number 021156576 0208128077 0244111643 0504000132 Account Number 789100 123456 888884 789100 200433 566300 Bank Piccolo BestSave BestSave Piccolo BuloBank YNWABank Net Salary (GHC) 8,000.00 12,000.00 1,500.00 6,000.00 3,500.00 13,500.00 024666666 Extracts of the HR Database on staff at post as at 31st January 2019 Name Nuru Gambo Kwesi Osei Fabian Pinto Arimeyaw Kwesi Ziem Afia Wunnam Atchulo Position Manager, ICT Deputy CEO Driver Head, Quality Control Accountant CEO