[KingNnamdi]

Thank You, I do not have the question in a revision kit, i think i know the answers but i wanted to see it from another school of thought, but either way, thanks for your time

[KingNnamdi]

Frederick is planning to expand his company by opening three new stores during july 2001 and in order to finance this, in march 2001 the company obtained a $3m bank loan. this is repayable in arrears over five years in quarterly instalments, in preparation for the expansion, the company is looking to stream line operations in the warehouses and is planning to make 60 staffs redundant after the year end, No decision has been made as to when this will be announced, but it is likely to be in May 200.

What are the audit Risk and Responses

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