a) Your audit firm, has been contracted by the government to audit the procurement system followed by the government.
Required:
i) Identify the likely risk areas that your firm may encounter in the audit.(5 marks)
ii) Suggest possible measures the government can implement to strengthen the internal control system on procurements. (5 marks)
b) Outline the audit procedures an audit firm should follow in the verification of a manufacturing company’s liabilities. (10 marks)
(Total: 20 marks)
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