Select a business of your choice and analyse the business in detail. Please note that you may need to interview several members in the business to understand the Acquisition and Payment, Inventory and Warehousing as well as Revenue & Receipt cycle processes of the selected business in detail You may need to sign a confidential agreement with the selected business to access the data you require. As the senior Auditor in your organisation, you have been requested to undertake an Audit of the business. Answer ALL the questions in this section. Question 1 (20 Marks) For the selected business, describe the nature of the business processes and the Acquisition and Payment. Students are encouraged to use visuals to discuss the process in detail. Response should be less than 2 pages Question 2 (20 Marks) Discuss the audit process that will be undertaken using the International Standards on Auditing. Response should be less than 2 pages Question 3 (20 Marks) Identify the weaknesses in the Acquisition and Payment cycle described above and provide recommendations to address them? Use the table below to identify the weaknesses and recommendations. No. Weakness Recommendations Question 4 (20 Marks) Identify the weaknesses in the Inventory and Warehousing cycle described above and provide recommendations to address them? Use the table below to identify the weaknesses and recommendations. Question 5 (20 Marks) Identify the weaknesses in the Revenue and Receipt cycle described above and provide recommendations to address them? Use the table below to identify the weaknesses and recommendations. No. Weakness Recommendations END OF PAPER No. Weakness Recommendations