Question 1 Complete the following audit approach matrix for the Machinery and Equipment Account, which is material to the financial statements. In practice, your matrix could easily reach dozens of lines. However, for this essay, your matrix need be only of the dimensions shown below. Populate the matrix with three different WCGW circumstances, one for each listed relevant assertion; three different Internal Control Activities to prevent the WCGW; how you might test each Internal Control Activities; three different Substantive Analytical Procedures to test for the WCGW circumstance; and three different Substantive Tests of Details. This should result in a matrix of manageable size with three rows. Use standard English suitable for business. ROW SIGNIFICANT ACCOUNT RELEVANT ASSERTION 1 Machinery and Equipment 2 Machinery and Equipment Existence Completeness 3 Machinery and Equipment Rights and Obligations WHAT COULD GO WRONG? INTERNAL CONTROL ACTIVITY TESTS OF INTERNAL CONTROL POSSIBLE SUBSTANTIVE ANALYTICAL POSSIBLE SUBSTANTIVE TESTS OF DETAIL PROCEDURES