[UICEE @ F} 9 e Chapter 7 Application Assignment - Planning and RMMs Saved to my Mac ~ 2, Search (Cmd + Ctrl + U) 59 Home Insert Draw Page Layout Formulas Data Review View Automate (GRS share v [LE > v A v v A A General v Ev :]EF .| & ?vpv /0> ey | [mle Z Ny . oY 1 Y T S| = LY R R TP S 0 20 | Formatting as Table Styles | [E] Format v | & v 'Fitter Select C Acct 480 115,000 v A v v A A General v Ev :]EF .| & ?vpv /0> ey | [mle Z o oY 1 Y T S| = TS RN TR SN S L e e L T = R Ty 115,000 22 Home Insert IV Page Layout Formulas v v A A Chapter 7: Planning and RMMs Expectation for Planning Analytical Procedures: The auditor is not aware of any signficant changes in the client's business or economy between 2022 and 2023 and therefore expect only minimal increases or decreases less than the definition of a "significant difference". Data Review December 31, 2023 A Automate General $v% 9 | % B December 31, 2022 A= R Increase (Decrease Conditional Format R TR Chapter 7 Application Assignment - Planning and RMMs Saved to my Mac v INSTRUCTIONS (1) Highlight in yellow all 2023 balances in the Balance Sheet and the Statement of Operations that had a signficant difference as defined above. (2) Identify at least 3 assets and 3 liabilities with Risk of Material Misstatement (RMM) by placing "RMM" on the same row as the item in column F. (3) Identify at least 2 ratios (in bottom section) that may also cause the auditor to assess a heightened RMM by adding a a comment for that ratio. % Increase (Decrease) KR R Oy SR Q Search (Cmd + Ctrl + U) e (GRS [CEITI s O o2 R PO Y ey YRR 115,000 ' v A v v A A General v Ev :]EF .| & ?vpv /0> ey | [mle Z o oY 1 Y T S| = TS RN TR SN S L e e L T = R Ty 115,000