During the year-end inventory count conducted on 31 December 2020, your audit team observed that several workers were loading up some goods into a truck. Upon query, the warehouse manager explained that these relate to urgent last-minute purchase by a major customer that must be shipped out immediately. Your team also noted a particular section of inventory located at the west wing of the warehouse were mouldy and discoloured. Analyse the information on Observation 2 and answer the following questions in relation to the observation of last-minute shipment for goods during the year-end inventory count: (a) Discuss one (1) audit procedure that would have resulted this observation. Relate one (1) financial statement assertion at the highest risk of misstatement. (b) Analyse one (1) activity control Ecoplanet Pte Ltd should have implemented to address the risk of misstatement. (c) Explain one (1) substantive procedure to be performed following the observation. Relate one (1) audit exception that may be identified by performing that substantive procedure. (d)