Task Search for nancial statements [at least balance sheet and income statement] in the Internet and perform the following prOCedures acting as an manager for the audit engagement: 1] Write an analytical report to engagement partner: 5 marks, rte. i. describing the industry and position of the Client (I mark), ii. calculating performance indicators [2 marks: I mark for I indicator), iii. providing explanation to changes [2 marks). 2] Calculate materiality and performance materiality for the Client in several difference ways. Select one and explain your choice in relation to the Client's circumstances. 5 marks At least 3 clierent benchmarks {e.g., total assets, revenue, prot before tax), 1 mark for each benchmark. I mark is for explanation of the choice. 1 mark for calculation of performance materiality 3] Based on the materiality level calculated above select items for testing. Arrange your answer in a separate table and for each item list assertions to test. 2 marks 2 marks in total. less 1 mark for complete nonsense. like testing occurrence for balance sheet items. 4] Perform reasonableness check for balance sheet retained earnings and prot for the period. Write calculations and explain deviations from retained earnings balance as at the year end if any. 2 marks I mark for RE formula. If check went straight away then 2 marks. If there are di'erences 1 mark for explanation