Section 02: Accounts payables Assume you are the audit senior in charge of the audit of Metco, a company that has been in the business for over 50 years. Metco Co manufactures and sells furniture directly to the end customer. The company's year-end is 31 December. Trade payables are shown on Metco Co's statement of financial position as follows. Trade payables 2019 $567,000 2018 $974,564 Required (a) List the substantive audit procedures that you should undertake in the audit of accounts payables of Metco Co for the year ended 31 December 2019. (5 marks) (b) For each procedure listed in (a) above, explain the purpose of that procedure. (5 marks)