i did this question based on a real estate company and i have completed part 1 and 2 of the question. how do i do part 3 and 4?

this is part 4

this is how i did part 1

this is part 3

Assignment aims This assignment is designed to consolidate your learning of the key skills and knowledge needed when facing a financial report audit of a company, and how to analyse, research and pinpoint facets of the company that require auditing attention. Background For the purposes of this assignment, you are to imagine that you work as Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in Australian or Singapore Stock Exchange (your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020 Part 4 Question Design FIVE (5) substantive procedures for the transactions and balances discussed in question (3) and justify why you select these substantive procedures for the following scenarios: 1. Your proposed tests of controls in question (3) PASSED. 2. Your proposed tests of controls in question (3) FAILED. Explanation: In this case, it is required to audit the financial report of the year ending at 31 December 2020, and any company cannot prepare its financial report in advance or before the year ended, so only estimations and factors / figures from last year's report can be used for audit. Company selected Abacus Property Group, Industry - Real Estate. The audit report credentials and facts from Audit manager: From its financial report which includes its summary of operations, financial statements and Director's report, it can be stated that 1. General and industry-specific economic trends and conditions : Real estate norms has new regulations recently, Implementation of new and modified regulation are in process and on papers. Moreover the company is focusing on sale and resale project while industry from last 7 years is leading in leasing business. The return on investment in the industry is improving since 2015 and decline quarterly in 2016 and 2018. While the company's return on investment steeply declines. Cash flow from operations in the industry in increasing while investing is decreasing which can forecast a recession in real estate 2. Competitive Environment Around Australian Continent, there are almost 70 major real estate corporations which are considered as competitor for Abacus. The major findings by competitor's research and development are an increasing threat. But, according to the director of company "Abacus has refined it strategic direction giving prominence to sectors where we have a clear competitive advantage" (Director's report). The company and marketing team is increasing its focus on self-storage and office markets, as (Singapore) Assignment aims This assignment is designed to consolidate your learning of the key skills and knowledge needed when facing a financial report audit of a company, and how to analyse, research and pinpoint facets of the company that require auditing attention. Background For the purposes of this assignment, you are to imagine that you work as Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in Australian or Singapore Stock Exchange your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020. Part 3 Question Identify or assume TWO (2) high level/detective internal controls and propose a control test for each control in ANY of the following processes. Cash receipt and payment Sales and accounts receivables Purchase and accounts payables Inventory and Cost of goods sold Payrolls Non-current assets and Depreciation