Question: Perform preliminary analytical procedures using the information provided to help you identify any relatively risky areas that may need further attention during the audit. [

Perform preliminary analytical procedures using the information provided to help you identify any relatively risky areas that may need further attention during the audit.

[2]

Focus specifically on each of the following balance

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related management assertions for the inventory account: existence, completeness, valuation, and rights and obligations. Link any risks you identified for this account in question

1

to the related management assertion. Briefly explain identified risks for the inventory account that require further attention, if any.

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