ntive procedures the auditor should perform to obtain sufficient and appropriate audit evidence in relation to the COMPLETENESS of Jares Investments Global Limited’s trade payables and accruals.

Jares Investments Global Limited is a listed company which manufactures stationery products.
The company’s profit before tax for the year ended 31 December 2020 is GH¢16·3m and total assets as at that date are GH¢66·8m. You are an audit supervisor of Jeremiah & Associate and you are currently finalizing the audit program for the year-end audit of your existing client Jares Investments Global Limited. You attended a meeting with your audit manager where the following matters were discussed:
Trade payables and accruals Jares Investments Global Limited purchases its raw materials from a large number of suppliers.
The company’s policy is to close the purchase ledger just after the year end and the financial controller is responsible for identifying goods which were received pre year-end but for which no invoice has yet been received. An accrual is calculated for goods received but not yet invoiced (GRN) and is included within trade payables and accruals. The audit strategy has
identified a risk over the completeness of trade payables and accruals.
Bank overdraft and savings accounts Jares Investments Global Limited’s draft financial statements include a bank overdraft of $2·6m, which relates to the company’s main current account. In addition, Jares Investments
Global Limited maintains a number of savings accounts. The savings account balances are classified as cash and cash equivalents and are included in current assets. All accounts have been reconciled at the year end.
Directors’ remuneration Jares Investments Global Limited board is comprised of eight directors.

Their overall remuneration consists of two elements: an annual salary, paid monthly; and a significant annual discretionary bonus, which is paid in a separate payment run on 20 December.

All remuneration paid to directors is included within wages and salaries. Local legislation requires disclosure of the overall total of directors’ remuneration broken down by element and by director.
Required:
(a) Describe substantive procedures the auditor should perform to obtain sufficient and
appropriate audit evidence in relation to the COMPLETENESS of Jares Investments Global Limited’s trade payables and accruals.