You are an audit senior in ROAA, a firm of Chartered Accountants. You are part of a team assigned to audit Tina, Yvette & Hannah Beauty Ltd (a manufacturing firm listed on the Ghana Stock Exchange). Your team leader allocated to you the following components:

(i) Property, Plant & Equipment

(ii) Purchases and Expenses; and

(iii) Pay Roll

(iv) Revenue

Required

a) Identify ALL assertions relevant to the audit of each of the components assigned to you and indicate the possible risk associated with the assertions identified.

b) For each risk identified, respond with relevant audit procedures that provide appropriate evidence.

c) Outline the relevant internal control considerations and objectives for each of the components assigned to you.