Cash Accounts Receivable Allowance for Doubtful Accts Inventory Prepaid Expenses Property, Plant, & Equipment Accounts Payable Accrued Liabilities Notes Payable Taxes Payable Long-term Debt Other Liabilities Common Stock Owners' Equity Revenue Expenses (excluding items below) Oceanview Marine Company Assessment of Inherent Risk December 31, 2018 Bad debt expense Depreciation Account balance based on estimates N N N N N N N N N N Y Y YES or NO Susceptible to theft or manipulation Y N N N N N N N Y N N N Complex or non-routine. transactions or calculations N N N Y N N N N N N N N Large number of transactions Y 5-3 BG 2/22/2019 N N N N N N N Y N N N Assessment of Inherent Risk High, Medium, or Low * M L L M L L L L H L M M * Any accounts that have one or more YES answers should be assessed as medium or high inherent risk. If not, explain why. Includes significant concerns about the account balance's net realizable value and should be answered yes only if estimated amounts are significant. Current workpapers-audit planning + Page 30