Your client SportGoods manufactures and distributes a wide range of sports products. You are auditing the company’s inventory. Across Australia, SportGoods has its own retail stores, selling products of its own and other brands on consignment.

i) Identify and explain TWO key assertions at risk.

ii) For each assertion, describe one substantive test of detail that you would undertake

Answer rating: 100% (QA)

Answer Two assertions at risk 1Existence Existence assertion is an assertion tha liabilitiesassetseq... View the full answer