1.What does the auditors explore once they find out there is a significant decrease in inventory turnover from previous year to the current year?
2. What are the purposes of inventory stock count? List at least 03 procedures to be carried out upon inventory stock count.
3. Which audit assertions the audit procedure of cash count and bank confirmation requests will meet?
4. Indicate the inherent risks of cash and list at least 04 key internal controls for auditing cash?
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