You are a manager with Hodges Jones \& Sylvia (the Firm) and a member of the Firm's audit team for the audit of Zulu Corporation (the Company) as of and for the year ended December 31, 2022. The Company is engaged in general construction activities and has a need in the normal course of its operations to maintain a line of credit agreement with a local bank for the purpose of dealing with the difficulties of the Company's cash flows. The Company's existing line of credit provides for borrowings up to $3,000,000 and is subject to renewal on April 1, 2023. The terms of the line of credit agreement provide, among other things, that the Company will: (1) maintain a net worth of not less than $2,000,000; (2) a working capital ratio of not less than 1 to 1 ; and (3) an aging of accounts receivable wherein not less than 90 percent of the Company's accounts receivable are 90 days or less. Additional information as of and for the year ended December 31, 2022, follows. Other information - The Company accounts for its revenues on the percentage completion method of accounting. - The Company accounts for bad debts on the direct write-off method which historically has not materially differed from the allowance method. - A senior project manager for the Company retired during 2021 and a less experienced project manager is now managing a number of the Company's larger projects. - The Company's bonding agency has just reiterated to the Company the importance of the Company's line of credit agreement to its bonding program. - The Company's founder just retired and has given his son-in-law responsibility of managing the Company. To date, it appears as though the son-in-law is more aggressive in managing the Company's business than his father-in-law. Required By reference to AU-C Section 315A Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, including paragraphs AU-C Section 315A.12e, and A44-49 list 3 audit areas that based on the information given may warrant additional consideration during the Firm's audit of the Company's financial statements as of and for the year ended December 31, 2022. Hint: Maintenance of the Company's line of credit agreement is dependent on net worth, working capital and the aging of the Company's account receivable and no doubt management of the company will be focused on meeting these requirements. What audit areas may need additional focus given the current circumstances? There may be many, but you are only required to list 3