1} Identify the relevant risk the auditor may be concerned about and the relevant assertion that the auditor should design their auditor procedures aroundI based on the following scenarios: Example: Your clientis looking to go Revenue may be through an LPG and attract overstated. investors, who will have an interest in the bottom line of the company's o erations. Your client operates in three different currencies (USU, CAD and EUR} and translates 'le b'ial balance for all entities into CAD for consolidation u noses. Your client has a December 31 year end. They processed the last pay run on December 2? and will capture the remaining 4 days {Dec 23 311 of - roll in the new - You are reviewing the customer list of your clients and have idened some suspicious customer names, such as \"Duck much Goose"I and \"Minnie and Mickey House\". You have idened that there were sales made to these customers during the year per the EL detail. but no cash has been received yet from these customers. Your client has entered into a sales deal with one of their vendors, where the client has purchased spare parts that are used in the production of their operaons. It is December 31 and the goods were shipped by the vendor today. For the contact your client has with their vendor, your client takes possession of the goods FE Shipping {i.e. at the time the goods were shipped} and has 34:} days to pay for the spare r-rts. Your client operates in the consignment business, where your client takes inventory from third pares and sells it on behalf of their third party. During your yearend inventory count, you could not identify what inventory was owned by the client and what was the third . rb'es