Under the heading Revenue, identify the assertions relating to revenue, and for each assertion, identify the risk relating to the information.

Use the following table to formulate your answers:

Assertions Risks

$(10$ marks$)$

$1\mathrm{.}2$ With reference to the information under Investment in Shares, formulate the substantive procedures that you would perform to test the occurrence, existence, cut$-$off, accuracy, and rights of investment in shares in Thandi wines.

$(12$ marks$)$

$1\mathrm{.}3$ Identify and describe the current risks that will increase the risk of material misstatement on assertion$/$account balance in respect of the Trademark. Link each risk that you provide to an assertion.

$(10$ marks$)$

$1\mathrm{.}4$ List any additional procedures $($general$,$ analytical, and substantive$)$ that the

audit team should perform relating to the Current Tax Liability.

$(13$ marks$)$

$1\mathrm{.}5$ Formulate the substantive procedures that you would perform to obtain sufficient and appropriate audit evidence in respect of the Convertible debentures.

$(25$ marks$)$