Q1.Describe the implications of the resulting ratios for the auditors audit strategy for the year 2023.

Q2. What specific assertions are likely to be misstated?

Q3.How should the auditor respond in terms of potential audit tests?

The following data was taken from the production and accounting records for Casuccio Manufacturing, Inc. Unaudited 2023 Audited 2022 Audited 2021 450,000 450,000 32,000 450,000 400,000 28,000 450,000 300,000 21,000 Operating Data Capacity in units Production in units Inventory in units Financial Data ($000). Total revenues Total assets Accounts receivable, net Bad debt expense Accounts receivable written off $35,200 $23,000 $5,900 $175 $165 $27,500 $19,500 $4,300 $135 $125 $21,200 $15,700 $3,900 $105 $100