Question1: As a senior auditor on the E&U Accounting Firm you are assigned the following tasks: 1) Auditing sales and accounts Receivable Cycle Accounts. 2) Auditing Expenditures & Accounts Payable Cycle Accounts. 3) Auditing Payroll Cycle Accounts. For each of audited cycle mentioned above, prepare a plan that describe the following: a) Audit objectives/management assertions to be investigated. b) Audit Procedures/Evidence to be obtained. c) Main Auditors Concern about the misstatements Risks for each Transaction cycle. (nature of misstatement) Very important Note: As you answer give examples

Question1: As a senior auditor on the E&U Accounting Firm you are assigned the following tasks: 1) Auditing sales and accounts Receivable Cycle Accounts. 2) Auditing Expenditures & Accounts Payable Cycle Accounts. 3) Auditing Payroll Cycle Accounts. For each of audited cycle mentioned above, prepare a plan that describe the following: a) Audit objectives/management assertions to be investigated. b) Audit Procedures/Evidence to be obtained. c) Main Auditor's Concern about the misstatements Risks for each Transaction cycle. (nature of misstatement) Note: As you answer give examples