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PART B: Danielle is auditing Boss Moss inc.'s imvestment acoount. Boss Moss inc. just finished issuing their IPO and is now a public company (in

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PART B: Danielle is auditing Boss Moss inc.'s imvestment acoount. Boss Moss inc. just finished issuing their IPO and is now a public company (in previous year audits, Danielle set the acceptable avidit risk at a high level). The comparty engages in several complex derivative transactions. Danielle has tested the intemal controls related to derivative transactions and found that in her sample of 50 transactions (from a population of 250 ), the controls faled on 25 transactions

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