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PROBLEM W\&S Partners has just won the January 31, 2026, audit for Cloud 9. As...

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PROBLEM W\&S Partners has just won the January 31, 2026, audit for Cloud 9. As a part of the risk assessment phase for the new audit, the audit team needs to gain an understanding of Cloud 9 's structure and its business environment, determine materiality, and assess the risk of material misstatement. This will assist the team in developing an audit strategy and designing the nature, extent, and timing of audit procedures. The trial balance at October 31, 2025 is provided here. formulas with cell references to the Problem and wark areas as indicated Using the October 31, 2025 trial balance, calculate plarining materiality based an income hafinratax If the planning materiality amount is increased or decreased later in the audit, how would

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