Ultimate Fitness Limited (UF) is a family-owned company distributing gym equipment in Perth. Majority of the sales transactions are done in cash. UF is planning to expand to Melbourne and Sydney. It is applying for a loan from the bank to get funding for the expansion. Before granting the loan, the bank requires UF to provide them with the audited financial statement. The unaudited figures of current year suggest revenue to have increased significantly by 20 percent from last year while the gross profit appears to have increased marginally by 5 percent. You have been auditing UF for the past two years and have previously questioned the integrity of UFs accountant who has a reputation for adopting aggressive accounting practices to make the clients financial statements look presentable as desired by the clients themselves.