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Inherent Risk, Tests of Controls, and Substantive Procedures

In this assignment, you will prepare a 2–3 page professional document that addresses the requirements specified in the case. 

Instructions

Specifically you will be required to:

  1. Calculate the required ratios for all given years.

  2. Identify and explain high inherent risk assertions.

  3. Analyze and draw conclusions about the nature and extent of tests of controls.

  4. Analyze and draw conclusions about the nature, timing, and extent of substantive procedures.


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