QUESTION 23 Sharon Coming PC combus. Det enda som Stary loyal to Pows and contemplando com spot The weed in all be patiowy w dnom dopo the account for operating and then seed by comic Theme the loans in the Board Poesia inventory current model machines and propers to conto pronown with me 30% scout the molementation of the mounted on the per Corporate customers and the order to POLOmat tegen the down the comes to check the push the the whole for proceso de roses the correcteme warranted the order is como a ver the code www and the only a hand of orders and As part of your tout come with such Cred by 3.000.000 wewe want to me sheed mat she loves the 5.000 The they were now bout 45 dyumed the own modd PC The recent som forcing process by product and conside Required A Assess audit risk (Total 12 marks) (2 Factors that Increase Audit Risk (4 marks), 3 Factors that Decrease Audit Risk (6 marks) and Conclusion (2 marks)) B Assess intemal controls at PCL with respect to sales and accounts receivable (Total 16 marks) Provide two strengths in Internal controls Describe the strength and explain why it is important. (4 marks) Provide five draft management letter points discussing internal control weaknesses for inclusion in the management better to the client (10 marks) Organize your management botter points clearly, labeling W weakness in internal controls l impact to the clients operations or financial statements of the weakness Recommendation to the client for improvement Conclude on Control Risk (2 marka) . C Assess risk of material misstatement (IR X CR) for the valuation assertion of accounts receivable (Total 7 marks) 3 Factors that increase RMM (3 marks) 2 Factors that Decrease RMM (2 marks) and Conclusion (3 Marks) Total Marks Available : 35 For the toolbar, press ALT F10 (PC) or ALT+FNF10(Mac) QUESTION 23 Sharon Coming PC combus. Det enda som Stary loyal to Pows and contemplando com spot The weed in all be patiowy w dnom dopo the account for operating and then seed by comic Theme the loans in the Board Poesia inventory current model machines and propers to conto pronown with me 30% scout the molementation of the mounted on the per Corporate customers and the order to POLOmat tegen the down the comes to check the push the the whole for proceso de roses the correcteme warranted the order is como a ver the code www and the only a hand of orders and As part of your tout come with such Cred by 3.000.000 wewe want to me sheed mat she loves the 5.000 The they were now bout 45 dyumed the own modd PC The recent som forcing process by product and conside Required A Assess audit risk (Total 12 marks) (2 Factors that Increase Audit Risk (4 marks), 3 Factors that Decrease Audit Risk (6 marks) and Conclusion (2 marks)) B Assess intemal controls at PCL with respect to sales and accounts receivable (Total 16 marks) Provide two strengths in Internal controls Describe the strength and explain why it is important. (4 marks) Provide five draft management letter points discussing internal control weaknesses for inclusion in the management better to the client (10 marks) Organize your management botter points clearly, labeling W weakness in internal controls l impact to the clients operations or financial statements of the weakness Recommendation to the client for improvement Conclude on Control Risk (2 marka) . C Assess risk of material misstatement (IR X CR) for the valuation assertion of accounts receivable (Total 7 marks) 3 Factors that increase RMM (3 marks) 2 Factors that Decrease RMM (2 marks) and Conclusion (3 Marks) Total Marks Available : 35 For the toolbar, press ALT F10 (PC) or ALT+FNF10(Mac)
