Assignment 4: Inherent Risk, Tests of Controls, and Substantive Procedures (Chapter 12, page 63) (100 points) In this assignment, you will prepare a two to three (2-3) page professional document that addresses the requirements specified in the case. Fully address each requirement and include at least two (2) current references to scholarly and/or authoritative sources. Specifically you will be required to: Calculate the required ratios for all given years. Identify and explain high inherent risk assertions. Analyze and draw conclusions about the nature and extent of tests of controls. Analyze and draw conclusions about the nature, timing, and extent of substantive procedures. Use at least two (2) current, quality academic or authoritative sources in this assignment. Note: Wikipedia and similar websites do not qualify as quality scholarly and/or authoritative sources. Use the Strayer University Library to conduct your research. Your assignment must follow these formatting requirements: Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or SWS format. Check with your professor for any additional instructions. Include a cover page containing the assignment title, the student’s name, the professor’s name, the course title, and the date. The cover and reference pages are not included in the required page assignment page length. The specific course learning outcome associated with this assignment is: Develop conclusions about risks, control tests, and substantive procedures for a given client using analysis and calculations.