Rank the following conditions as having the most inherent risk (as discussed in the chapter), the second most inherent risk, and so on. Give reasons for your rankings.

a. The processing of charge sales transactions.

b. The processing of insurance expenditure transactions.

c. Calculation of inventory obsolescence.

d. The count of physical inventory items.

e. The physical security measures taken to guard equipment used in the plant.

f. The procedures used to maintain custody of the petty cash fund.

g. The tabulation of the records at the end of the year to determine the balance in accounts payable.
h. The calculation of the allowance for doubtful accounts.