Company A has a number of long and short-term payables, accruals and
provisions in its balance sheet.
Required:
Describe the audit procedures you would apply to each of the three items
listed below, including those relating to disclosure.
i)A 10-year bank loan with a variable interest rate and an overdraft both
from the same bank. (5
marks)
ii) Expense accruals. (4 marks)
iii) Trade payables and purchase accruals. (6 marks)