Question B2 Lyd Co has a significant number of cash transactions and recent non-current asset purchases have been financed by a bank loan. This loan is repayable in equal annual instalments for the next five years. Required: a) Explain the procedures to obtain a bank report for audit purposes from Lyd Co's bank and the substantive procedures that should be carried out on that report. (Word limit: 200) (10 marks) b) List the further substantive procedures that should be carried out on the bank balances in Lyd Co's financial statements. (Word limit: 200) (7 marks) Total: 17 marks