Posted: July 28th, 2023

Inventory familiarization | Accounting homework help

(a) Discuss and determine the key Account Balance Assertions that may be at risk for the diamond inventory, and 

(b) Discuss and determine whether the sample of individually wrapped certified diamonds and the sample inventory parcel, including the inventory record, provides evidence that indicates any specific Account Balance Assertion is at risk for the 20X1 year-end audit. 

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