This simulation presents an Analytical Procedures/Risk Assessment Analysis document prepared by two members of your audit team relating to the Keystone Computers & Networks Incorporated (Keystone), audit. Background financial and other information on Keystone is included in Appendix 6C of Chapter 6. Parts 8-10 require information about accounting obtained in previous accounting and other courses. These topics are also addressed in subsequent chapters of this text (particularly Chapters 13 and 15). You are working on the audit of Keystone Computers & Networks Incorporated (Keystone), a calendar year-end nonissuer. The two associates assigned to the engagement provided a document with a number of observations relating to analytical procedures/risk assessment for the audit of year 5. Required: Your job as senior on the engagement is to review the various points made by the assistant, including consideration of the exhibits. For each of the sentences called out in the points on the document, determine if the current language is appropriate as is, should be removed altogether, or replaced with any of the provided alternatives. Links to each of the exhibits are provided in the document, but are available in the list below for convenience. Exhibit 1 - Working Trial Balance Exhibit 2 - Ratios Exhibit 3 - CPA Firm Summary of Several key Keystone accounting policies Exhibit 4 - Email to CFO from Controller Exhibit 5 - Memo from Audit Partner to Audit Files