Protector Ltd (Protector) is a company that supplies and distributes security screen doors and is an ongoing audit clinet of your audit firm, Pratt & Associates. You have ascertained the following information form a telephone call to the general manager of Protector, prior to the commencement of this year’s audit. a. Protector has experienced considerable staff turnover in its accounts payable department, including the departure of the accounts payable manager, who resigned early in the year.This has created some delays in the processing of payments. b. As part of its cost cutting program, Protector has decided to retrench its internal audit department three months before year end. c. Protector plans to upgrade its general ledger reporting by acquiring a new software package. The conversion is planned for two months prior to its financial year end. d. During the year, Pr
