international audit standard

Q1: [12 Marks] You are auditing the 2020 financial statements of ABC Co. a wholesaler trading company. A lockdown has been enforced due to covid-19 pandemic. For the Transaction Cycles: A- Revenue/Sales Cycle. [6 Marks) B- Purchase/Disbursement Cycle. [6Marks] 1- What Key Audit Matters to be considered due to the incident? consider the Audit Risk Assessment process. 2- Describe the Internal control aspects to be understood and test? 3- Substantive procedures to be performed? 4- How can the lockdown affects going concern issue? You are expected to make appropriate: assumptions, explanations & Justifications in your answers