Q2 (5 marks) You are auditing the Sales account of TPG Ltd., a wholesaler in outdoor clothing and equipment to various departmental stores in Australia. The terms of trade with each customer (i.e. departmental store) have been negotiated by TPG's Head-of-Sales. A sales transaction cycle includes: 1. Receipt of customer order. 2. Verification of the customer from the approved customer list. 3. Dispatch of goods by the warehouse staff generally within 7 days of the receipt of the customer order. 4. Auto raising of an invoice by the system at the end of the 7th day of the receipt of customer order (based on the pre-negotiated terms of trade). 5. Posting of the sales transaction in the Sales and Accounts Receivable transaction files. Given below is the combined risk assessment for each relevant assertion. Sales Account Assertion Combined Risk assessment (Min, Low, Moderate, High) Occurrence High Completeness High Classification Min Accuracy Low Required: For each assertion, design substantive test(s) that would be responsive to the assessed level of risk