Identify the inherent and control risks related to the financial instruments accounts for McNeil Co. b. Identify at least two audit procedures the auditor would perform to test the existence balance-related audit objective for the trading and available-for-sale securities. c. How would the auditor test the completeness balance-related audit objective for the speculative derivative financial instruments? d. Identify at least two audit procedures the auditor would perform to test the realizable value balance-related audit objective for the financial instruments accounts. Assume the investments in stock are all actively-traded in a liquid market, but the derivative financial instruments require a level 3 fair value estimate. e. In your opinion, would the audit of financial instruments require the use of a valuation specialist? Why or why not?