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You are an audit junior on the team assigned to the year-end audit of Sylvester...

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Accounting

You are an audit junior on the team assigned to the year-end audit of Sylvester & Sons, Ltd.
(SSL). You have worked on a few audits, but this is the first time you have dealt with this client.
The audit senior has done an analysis of the journal entries made in the acquisition and
payment cycle and has provided you with the following informationA/P department is comprised of Jane (supervisor), Rita (senior clerk), and Phoebe
(junior clerk). Jane started with the company five years ago as a senior clerk. Rita was
hired as a senior clerk two years ago and Phoebe started about nine months ago.
Jane reviews all the journal entries prepared by Rita and Phoebe before they are posted.
As expected, most of the journal entries were Types A and B.
Types E and F journal entries started appearing about three years ago. The number of
entries and the amounts involved have grown exponentially over the years. The
suspense account is used as a placeholder when Jane is uncertain of which account to
debit or credit. The account should be cleared out by the end of the year, but it is usually
not.
Purchase returns have increased significantly over the past two years

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