Urgent

Question 4 You are the audit senior for Sitwell Ltd, which distributes office furniture and has been a client of your audit firm for a number of years. Sitwell's primary market consists of small businesses and schools You have a junior associate assisting with the accounts receivable circularization. The junior associate presented you the following results for three confirmation responses received and asks for your guidance on how to proceed Confirmation Balance per Balance per Reason for the tracking number Accounts confirmation difference Receivable Ledger response $ $ 55 250,000 200,000 Cash in transit 63 555,000 450000 Goods not received at year end 68 680,000 570,000 Disputed invoice Required a) Describe the procedures the junior associate should perform on each of these responses. (6 marks) b) ISA 505, External Confirmations, states that when using external confirmation procedures, the auditor shall maintain control over external confirmation requests." Required State what is involved in maintaining cont l confirmation request (2 marks) 1. List FOUR audit assertions that the (2 marks) ii State how data visualisation co and receivables cycle. (2 marks)