Requirements: For each independent issue identify & explain briefly: The effect on the Audit Procedures (Planning, Risk Assessment, Materiality Level identified by Auditor, Auditor's appropriate Response & Course of Actions, Going Concern Issue, Key Audit Matters, Type of Audit Opinion). You are expected to make your own assumptions & Scenarios, explain the appropriate Course of actions & Responses of the auditor, with appropriate Justifications to your answers. 1-ABC Company have had recurring losses at its comprehensive income statement for the last three years. 2- DAN Company had A pending litigation against the company. The amount claimed by the plaintiff is $250,000. 3. The following Ratios Extracted from ALFA Company books: 2019 2020 75% Industry averag 3596 Credit Sales [% of total sales] 55% Receivables Turn over 3.56 2.41 7.1 32.79% 44.296 25.4% Accounts Receivables % of Total assets