Overstating Inventory We all know that inventory is a major asset for an organization. We have talked about the act of fraud with overstating the inventory. If you were an accountant in an organization, draw on all of your knowledge to plan the internal control to protect inventory. How would you detect any of the overstating? How would you rectify these practices? What would you suggest to the senior management? You are also required to respond to at least two others regarding their controls.