this question is under course auditing and assurance

Question 3 (a) Define what is audit assertions. Explain the relationship between management assertions and audit procedures. (5 marks) (b) The auditors carried out audit procedures and detected the following misstatements. Identify the assertion that will be affected. i) External confirmation was sent out to one of the credit customer. Customer replied, providing a different figure sent by auditors. ii) The detail of the property, plant and equipment had not been disclosed in the notes of financial statements, in accordance with the requirement of the accounting standards. iii) Insurance incurred during the year was not recorded as it has not been paid. The expense was recorded in January when it was paid, one month after the company closed their accounts. iv) One of the computer was found left on the floor. It was left idle and unused for some time. After checking with client, it was learnt that the computer was spoilt and was beyond repair. Client's record still includes it. v) During stock take, due to improper arrangement of the items, the employees counted some items repeatedly. vi) A sales transaction was recorded by the sales clerk when the credit customer paid three months later. The good had been delivered three months ago. vii) Certain provision for accruals were found missing in the books. viii) The amount billed to customers in the sales invoice was less than the amount indicated in the price list and quotation provided to customers. ix) It is found that different useful life was used to calculate the depreciation for furniture in different department in the company. x) Inventories were listed at RM 15,000, however auditors found that the net realizable value to be lower. Present your answer in the following structure: Assertion (i) (ii) (iii) (20 marks)