Inventories are important accounts for auditors to review. A company with a $100 million inventory, accounted for under the LIFO method, with international purchases and sales, is your client. You are in charge of the audit. Identify issues that an auditor may need to deal with in this situation

Answer rating: 100% (QA)

Inventories are crucial to audit because they can significantly impact the financial statements accuracy and the companys depicted financial health When auditing a company with a 100 million inventory ... View the full answer