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.

Your answer should have a minimum of 150 words

Q2. Explain major inherent risks in the payroll cycle. Give examples of documents that auditors should review to identify those risks.

Your answer should have a minimum of 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.