During the planning phase of the audit you noted that the following potential material misstatements may occur or exist, and that there are no relevant controls that could prevent them from occurring:

a) Due to poor labelling procedures, some empty containers may be included in the inventory count.

B)Obsolete and damaged skates and related components may be overlooked in the warehouse

C) The lower-of0cost or net realisable value method may have been incorrectly applied.

Required:

1 Describe substantive test of detail that will substantiate whether each of the potential misstatements noted above will occur

2.For each substantitve test of detail you describe above, indicate the financial report assertion to which it relates