When looking at Bre-X Mineral LTD, focus specifically on any 2 of the following areas:

1. Purchase, Payables and Payments
2. Sale, Receivable and Collections
3. Payroll Cycle
4. Investments

For each area selected:

1. Identify typical risks, representative transactions, provide a high-level process documentation including expected source documents and expected controls in place.
2. Review the control risk assessment and expected results for your company based on the information gathered. Identify areas of concern and reasons for the concerns.
3. Provide a sample of the internal control questionnaire that might be used.
4. Identify the link of the auditor's risk assessment procedures and control testing to the key assertions and audit objectives in designing the substantive procedures.
5. Explain the typical substantive procedures an auditor might use for this client/industry to respond to the assessed risk of material misstatement.
6. Explain the main audit procedures that might be used for particular accounts.