Hi

I need help for this question . This is a 30 marks question. The answer shall including example and it shall not less than 6 point. One point with explanation and example will giving 5 marks. I think. Can i have a full answer for this question ?

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Doraemon Berhad is a producer of CD players. This company has factories in Shah Alam, Tampin, Wangsa Maju and Ulu Kelantan. The auditors, Ting and Run have completed the interim audit for the year ended 31 December 2011 in October 2011 and prepared their report to management." 7. They observed the following . Each factory has a separate bank account at their local CIMB Bank. At times the individual accounts are overdrawn but the bank has agreed to set-off for interest calculations. Sometimes, the auditor noted that the bank account has a net credit balance . Being a former accounting student, the manager of the Tampin factory uses the policy of straight line depreciation for its plant when preparing the factory accounts However the managers of the three other factories do not keep a plant registei The factory at Ulu Kelantan purchases large quantities of scrap plastic from scrap merchants and paying in cash. The plant manager will approve the purchase in writing but there is no regular check of the cash balance kept to make these purchase:s . The stock of finished goods at Wangsa Maju is valued at total absorption cost using budgeted direct wages for overhead purposes. The other factories practice overhead absorption using machine hours All the manual workers are considered as casual workers and are paid in cash. Their wage packets are simply given to the foreman to hand out. The workers need not sign any documents when receiving the cash. . .The factories each use a computerised sales ledger system with sophisticated analytical facilities. The sales team at the Shah Alam plant does not analyse their sales on a month to month and year by year basis like the other three locations You are the audit senior at Ting and Run and you will be holding a meeting with your partners to discuss issues to be brought out in the management letteir. Required Describe, from the information above, the issues to be highlighted to your partners in the management letter [30 marks]