Task 4 This task requires you to respond to the overall risk assessment of identified significant accounts by developingaudit tests. In practice, this phase requires an auditor to prepare an audit program, which outlines the audit tests (tests of controls and substantive tests) to be undertaken to reduce the risk of material misstatement to an acceptable level. if control risk is assessed as less than high, then tests of controls are undertaken to gather evidence of their existence and operational efficiency. Assessment of controls and testing their operational efficiency is outside the scope of this case study and thus, we require you to focus on substantive tests in this task. You will note that the information for Penfolds Mining Group Ltd includes some information regarding the accounting policies and treatment applied by Penfolds Mining Group Ltd for some accounts identified as likely at risk of material misstatement. Please also watch the video instructions on this task from the partner. Required Spreadsheet tab Task 4 identifies nine financial statement accounts and related assertions assessed as being atrisk for Penfolds Mining Group Ltd. For each of these nine financial statement accounts and related assertions develop one appropriate audit procedure for that assertion. (Note: Each audit procedure must be specific to Penfolds Mining Group Ltd) Use the spreadsheet tab Task 4 in order to complete this task.