Question 1 A. Yaso plc is a manufacture company and its financial year ended at 31st December 2019. Total assets are 40m and net profit before tax is 12m. Yaso ple's trade receivables ledger includes a large number of customers. The year-end trade receivables balance is 4m (comparable to 2m in 2018) and the allowance for trade receivables is 400,000 (comparable to 600,000 in 2018). Requirement: Describe substantive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to Yaso plc's trade receivables. (10 marks) B. According to ISA 260, it is important for auditors to communicate throughout the audit with those charged with governance. Requirement: Explain why it is important for auditors to communicate with those charged with governance. Identify three examples of matters which the auditor may communicate to those charged with governance. (10 marks) Total 20 marks