The following are examples of analytical procedures, except: 

Which situation constitutes the highest level of fraud risk?

In the risk assessment phase of the audit, several key internal controls are found to be deficient and the entity-level inherent risk of the company is assessed as high. Would the audit team want to set detection risk at a high or low level for the audit and how would that affect the extent of substantive procedures?

Why do you want a heifer to calve early in the calving season? Please explain the domino effect. Please put detail into your answer to receive full points. 

Which metric is least likely to be the basis for audit materiality?

What may result from an auditor’s decision to decrease the acceptable level of detection risk?

A contingent liability is probable and can be reasonably estimated. It is disclosed in a footnote rather than recognized on the face of the financial statements. Which assertion is violated?

The purchasing department failed to post a journal entry before year-end. Which assertion applies?

Please list a production EPD, provide the abbreviation and what it stands for. 

      We have a heifer that is 12 months old and weighs 900 lbs with a measurement of 15cm by 13cm.  What is her pelvic area? What is her pelvic area/calf BW ratio? What is the ideal weight of calf with no problems?