Required: Draft an audit planning memo that includes the following: A. Risk of Material Nsstatement at the financial statement level B. rap-loo Risk of Material Misstatement at the assertion level. Give six different assertions, specific risk and procedures. Can be for the same or different Risk Area. Organise your answer as follows: Risk Area Assertion Specific Risk Procedures {Account} Planning Materiality and Performance Materiality . Recommended Audit Approach Accounting issues The partner commented \"Although thrilled by Deal's success and dreaming of eventually competing with larger international companies, Luke and Cal are concerned about some of the recent problems they have encountered (discussed on page 5 and E). I wonder whether they have identified all the weaknesses that are related to their current business strategy and considered ways to manage these weaknesses.\" Discuss three weaknesses, implications and recommendations. Organise your answers in Weakness, Implication and Recommendation format