IaSK F]. For each issue. you will need to provide Shania with the following: Fl an explanation of whv it is an issue I] an analysis of the issue using the relevant sections from the accounting standards for private enterprises (ASPEl I] a recommendation that is consistent with your analysis and considers the impact on the relevant users Your response, not including any Excel worksheets (if applicable), should not exceed four pages. Task #2 Then, for each issue, discuss the potential audit impact by identifying the key aud risk(s) posed by the issue and providing at least one specic audit procedure to address the risk(s). You will recall that procedures should include three components: what is being audited, why it is being audited, and how it is being audited. You know that your analysis will ow best if you discuss each issue from an accounting perspective rst, and then, directly below your accounting discussion for that Issue, consider the audit impact. You also know that the OTF management group is paid a bonus based on net Income, and that you need to consider how these issues will impact the bonuses for the current yean