Analita specializes in the development of electronic components within quite a competitive environment causing concems for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 302019 . You have been presented with the following draft financial information about Analita with incomplete ratios and percentages calculation. Part A Required 1. Using the information above, complete the calculation of accounting ratios and percentages and comment briefly on the performance of the company for the two years. ( 25 Marks) 2. By reference to requirement 1 , identify the areas that are subject to increased audit risk and describe the further audit work you would perform in response to those risks. ( 25 Marks) PartB By reference to Part A: 1. What is the purpose of using analytical procedures on the client's perfomance measurement system? ( 10 Marks) 2. What are some of the key factors that impact group interaction in an audit assignment? ( 10 Marks) Analita specializes in the development of electronic components within quite a competitive environment causing concems for marketing and pricing. Its non-current assets primarily include IT software, property, and investments, and there have been additions to these during the year. As audit manager, you are conducting a preliminary analytical review and associated risk analysis for this client for the year ended June 302019 . You have been presented with the following draft financial information about Analita with incomplete ratios and percentages calculation. Part A Required 1. Using the information above, complete the calculation of accounting ratios and percentages and comment briefly on the performance of the company for the two years. ( 25 Marks) 2. By reference to requirement 1 , identify the areas that are subject to increased audit risk and describe the further audit work you would perform in response to those risks. ( 25 Marks) PartB By reference to Part A: 1. What is the purpose of using analytical procedures on the client's perfomance measurement system? ( 10 Marks) 2. What are some of the key factors that impact group interaction in an audit assignment? ( 10 Marks)