The company is Sheng Siong group limited.

Your engagement team needs to perform analytical procedures as part of the risk assessment procedures to assess the risk of material misstatement in Sheng Siong's financial statements. Analytical procedures consist of evaluations of financial information through analysis of plausible relationships among financial and non-financial data. Analytical procedures help identify inconsistencies, unusual transactions or events, and amounts, ratios, and trends that indicate matters that may have audit implications. Unusual or unexpected relationships that are identified may assist the auditor in identifying risks of material misstatement, especially risks of material misstatement due to fraud. Employ the following analytical procedures based on Sheng Siong's financial statements. To do so, you need to form expectations. Examples of sources you may refer to include, but are not limited to, the following: Prior period data Industry data Present the following in your report to the audit partner: (a) Analyse Sheng Siong's financial performance by performing trend analysis. What are the important insights that you as the auditor gain from this analysis? (b) Analyse Sheng Siong's financial performance by performing ratio analysis. What are the important insights that you as the auditor gain from this analysis