Substantive Tests (a) Identify the three types of substantive procedures and discuss the effectiveness of each. (b) Bath & Bed manufactures bathroom and bedroom products and sells them on consignment or directly to end customers. Due to the economic downturn, some of Bath & Bed's customers are finding it difficult to pay their bills and are asking for longer payment terms. There is some evidence that order levels from customers are starting to fall, and old inventory has been piling up at retailers. As a result of the strain this has put on cash flows, Bath & Bed has taken to paying its suppliers after 60 days when this was previously 30 days. (i) Identify and explain two key accounts at risk. For each account, identify one key assertion at risk. (ii) For each assertion, describe one substantive test of detail that you would undertake. (iii) If Bath & Bed is a retailer and sells other producers' goods on consignment, identify and explain the key assertion at risk for its inventory, and suggest ONE substantive test for the assertion identified