Miss Yu is performing the audit on leases of TipuPte Ltd for theyear ended 31 December 2016. From the ledger, Miss Yu noticed thatthere are three items. which are on lease, i.e. a van, a lathemachine and the oven. As part of the audit, Miss Yu would sendstandard confirmation letters to the lessors. Two days before theend of the fieldwork, Miss Yu received confirmation from the van'slessor. Miss Yu's client has short taken the van lease by $10,000.Miss Yu sent the second reminder confirmation and managed toreceive the confirmation from the lathe machine's lessor. The leasewould only start from 1 January 2017. Miss Yu has to yet receiveany confirmation pertaining to the leasing of the oven.
Required
a. What should Miss Yu do in the future to make sure that theconfirmation letter are received and answered promptly?
b. There are discrepancies to two of the items. What furtheraction should Miss Yu take?
