You have been assigned by the audit senior to carry-out the audit of the purchasing business process of a major client, Sunbear Berhad. Your client is a major distributor of childrens toys.

Required:

a)Discuss management assertions for the purchasing business process. Your answer should include a discussion of the most important assertion for this business process.

b)Describe the key internal controls for this business process.

c)Discuss the substantive tests that are typically performed for this business process.