ACCT 401 Saudi Electronic Accounting Paper

Q1. What are the substantive analytical procedures used to test the revenue process? Explain what assertions about class of transactions the auditor applies to collect the evidence. ( Minimum 150 words) Q2. Explain major inherent risks in the payroll cycle. Give examples of documents that auditors should review to identify those risks. ( Minimum 150 words)Q3. You are the senior auditor in an engagement and are at the stage of performing the test of details of a franchise contract in the audited company. Provide examples of transactions and documents you will be using in the test.( Minimum 150 words)