What is the primary purpose of reviewing conflict-of-interest statements signed by members of management? To assess control risk. To identify transactions with related parties. To obtain an understanding of business processes. To consider limitations of internal control.

Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?