SECTIONS FROM THE AUDIT TRAINEE'S AUDIT FILE CONT'd 0n the day of the count, the audit trainee counted the quanties for a random sample of 10 different products numbers from the first category of inventory (2 desktop computers, '7 laptops and 1 specialized hardware) and compared the inventory count to the quantities on the inventory listing. The audit trainee found 7 minor discrepancies and concluded the amounts involved were immaterial and no further work was deemed necessary. The audit trainee traced cost for the 10 products sampled in the previous test. Costs matched those on the invoice, except for two models. The controller explained that employees manually change inventory costs to adjust for errors made when recording purchases. She provided a second listing with handwritten corrections. However, no backup documents were available to substantiate the changes. Required ii) For the inventory work performed, using concepts from audit sampling theory explain two deficiencies related to the audit trainee's selected sample and the conclusions reached by the audit trainee on the samples selected (minor variances, immaterial). Provide the correct audit procedure you would recommend to address these deficiencies. (4 marks) Recommendation Correct Procedure