Mr. Saleh the manager of Computer and Electronics Company experienced an issue on maintaining records since they are new in the business, and this situation lead them to financial losses. They collect payments they did not issue official receipts. When they pay their suppliers and they get discounts they did not do adjusting entries. They asked for the help of his cousin Mr. Saud who is an ACCA degree holder and well- experienced in auditing. Based on the above scenario:

1. Create doable guidelines on how their accountant should prepare the company accounts.

2. Develop an overall audit plan for the company with highlight on maintaining records.