Simeon Sdn Bhd (Simeon) received an offer from Zayyane Co. Ltd. (Zayyane) for forming partnerships to implement uranium mining projects. Zayyane operates in the Dongnae District, under the colony of the Majapahit Empire. Zayyane claimed rights ownership over several uranium mine deposits found in the Dongnae Hill valley. Zayyane expects the mine to be operational for more than 15 years with an estimated value of RM30 billion. So Zayyane submitted the financial statements prospective for a period of 15 years to Simeon in connection with the implementation of the project to be considered. Zayyane convinced Simeon that the projection information had been prepared using a combination of "hypothetical" predictions and projections. Simeon was very excited about the offer given by Zayyane, feeling upset about the validity of the allegations and the information provided by Zayyane. Simeon hesitated for a moment, and finally decided to appoint ShinChan, senior auditor at Pingu & Partners, an accounting firm to perform due diligence. Shin Chan too very excited to accept the offer as it is a duty of due diligence the first for himself since he became auditor five years ago. la is a new challenge and will certainly provide an exciting experience. However, ShinChan became confused about the scope of the offer because the offer put forward by Simeon is a due diligence investigation whereas the information provided by Simeon is a projection of the project in question a) ShinChan's advice by explaining the difference between due diligence and investigation of prospective financial information. b) Discuss ShinChan's role in providing "Due Diligence" services to on the proposal of a partnership between Simeon and Zayyane. c) List THREE (3) procedures that ShinChan can use to verify information relating to the value of uranium reserves claimed by d) Explain the difference between prediction and hypothetical projection. e) Explain FOUR (4) important points in the examination of prospective financial information which needs to be confirmed by ShinChan by obtaining appropriate and sufficient evidence as specified in ISAE3400 (formerly ISA810). f) Explain TWO (2) risks that Simeon will face in a partnership suggested by Zayyane if Simeon did not use the services of "perseverance reasonable "before signing the offer contract.