The BakFirn Corporation a publicly traded firm has contracted with YOUCPA your p

The BakFirn Corporation a publicly traded firm has contracted with
YOUCPA your public accounting firm for an audit. The BakFirn Corporation
manufactures specialty construction tools. The tools are used in the unique
construction of homes warehouses and multiunit dwellings. The prices range
from $1000 to $5000 per unit.During the audit the audit team has determined the risk assessment of the
client. Consequently the audit has to respond to the assessed risks of material
misstatement at the financial statement and assertion levels. The YOUCPA audit
team has asked you the auditor to prepare a list of actions that you will take
to assess the audit risk.The following information is available in the year just finished:Assignment Guidelines: