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. Fully address each requirement and include at least two current references to scholarly and/or authoritative sources.
Specifically you will be required to:
- Calculate the required ratios for all given years.
- Identify and explain high inherent risk assertions.
- Analyze and draw conclusions about the nature and extent of tests of controls.
- Analyze and draw conclusions about the nature, timing, and extent of substantive procedures.
- Use at least two current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research.