You are the Senior Assurance Associate on the external audit of Walton's Wealth Advising LLP. The auditee provides financial planning services (such as investment planning and retirement advice). The auditee has no long-term receivables. This is your audit firm's first year auditing Walton's Wealth Advising LLP. You have been asked by your Manager to manage accounts receivable testing. Specify 5 audit procedures for testing accounts receivable, determine the applicable assertion(s) for each procedure, and provide an example of a testing exception/deviation for each procedure. The Performance Materiality for the audit is set at $50,000. Note: to get full marks, you must write out each assertion in full (i.e. specifying just the letter is NOT sufficient)