1. Sunny Inc. is one of the largest manufacturers of Neon light fixtures in Canada, with manufacturing plants in five (5) provinces and three (3) distribution centres. The company sells its products to a variety of customers at the wholesale level. Inert Bank and Trust is Sunny Inc.'s independent registrar and transfer agent for all share capital transactions. Sunny Inc. is publicly traded and widely held by many pension funds and individual investors across the country. 
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3. You are performing the audit procedures for the non-current liabilities and equity section of the balance sheet. Identify five substantive procedures that you would incorporate into your audit program in the format: Risk, Assertion, Procedure.