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Hi all, I am new to a senior role at my firm and i just got my first engagement assignment that i will be in charge of. Inventory is a material balance on the balance sheet, but the partner mentioned they forgot to do an observation this year. So my task is to come up with solutions on how to address the issue. Per the standards, if the balance is material an observation must be done. If not, analytical procedures are sufficient. Help please?
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Viewing 5 replies - 1 through 5 (of 5 total)
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