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The WhiteHole Ltd operates in manufacturing industry and it manufactures semiconductors. Company has different and complicated processes which are described below: - Company has 20,000,000 of semiconductor inventory and once a year, warehouseman counts inventory and compares which inventory sheets. - Company has non-current assets amounting to 1000,000. Every year company replaces some parts of the non-current asset and capitalized it in the balance sheet - Company directors think that they are in a good solvency position as they overcome industry ratios and comfortable about the going concerns position of the company - Company has 20,000,00 Trade Receivables which is material to the financial statements. Company does not have any information about the recoverability of the trade receivables Required: Describe audit procedures that you will conduct in order to obtain audit evidence.
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