The key process cycle I chose for Loblaws Inc is the sales and collection cycle. I believe the company's high sales volume and many different accounts with small balances ranging from pennies to millions increase the risk of effort when planning and executing an audit. The accounts included in this cycle are:1. Gross Sales = Cash Sales + Sales on Account → Account Balance $32,371,000,0002. Closing accounts receivable balance = Beginning balance + account sales - collections - sales returns and allowances - uncollectible account balance debit = 618,000,000; Credit card balance = 2,538,000,0003. Cash in the bank (cash sales + cash collections-discounts)Cash balance = 515,000,000; Balance in cash and cash equivalents = 2,260,000,0004. Returns and allowances → this account is not present in the detailed income statement of Loblaws Inc. I assume that sales returns and allowances are very insignificant for the company or are already incorporated into the revenue amount (gross sales – returns)5. Bad debt balance sheet = (...