1. What is a life science entities agreement? What are the common types of business engaged in life sciences entities? 2. Accounting standard/s closely related or applicable to life science entities owners? 3. What are the signicant accounts specific to life science entities owners? 4. What are the key AUDIT risks applicable to life science entities owners? Relate these risks to the FS assertions. 5. Are there any fraud risks that can arise from life science entities? Explain. 6. What are the audit procedures to be performed in relation to No.1 and No. 2? 7. What are the required disclosures in relation to franchises in the point of View of life science entities owners? 8. Would the life science entities owners or auditor engage an expert in relation to accounting for life science entities-related concerns