Identify accounts with material fluctuations. A material fluctuation is defined as an account that has increased or decreased by more than 5% AND $50,000.

Using the available to you in the packet (Board Minutes, emails, prior year annual report, etc), document what appears to be the cause for the material fluctuations identified in the previous bullet. If it is unclear what is causing the material fluctuation, develop an audit plan as to what procedures you would perform to investigate the fluctuation.

Prepare the subsequent events memo as instructed in the email from Darlene Wardlow dated February 11, 2015 at 11:27 am.

Complete the procedures required as instructed in the email from Darlene Wardlow dated February 28, 2015 at 6:14 am. DO NOT draft the financial statements; just draft the audit report based on the instructions provided, prepare the memo addressing the issue of going concern, and document your thoughts as to whether there are subsequent events that should be disclosed.

Prepare the subsequent events memo as instructed in the email from Darlene Wardlow dated February 11, 2015 at 11:27 am.