Question 16 (8 points) Listen You have volunteered for the CPA Canada assurance and auditing help desk. The following are unrelated help desk questions Required: Answer each one of the help desk questions. a. Your first caller, Janine, is CFO of a national auto insurance chain "We just completed building our new headquarters this year My auditors have told me that they will be performing procedures over the existence of property, plant and equipment this year as well as the accuracy of amortization expense. Can you please provide me with one procedure for each account/assertion so I can be more prepared? b. The next call is from Hiroko, who is confused about related parties. She would like you to explain what a related party is and what procedures the auditor is responsible for performing in regard to related parties c. After Hiroko a call comes in from Paul, the Director of Finance for the Georgian Bay School District. "We had a new Acco ting Clerk this year and I'm worried that she made errors that I haven't found. What does the auditor do when they find a misstatement in the financial statements?" Your last call of the night is from Trudy "Can you please explain the difference between vouching and tracing to me? Format V B I U Inl National auto insurance: Related parties: Georgian Bay: Vouching/Tracing