11. Mike and Laurie expressed interest in changing the year-end inventory count date from December 31. Discuss the conditions that are necessary to change the year-end count date, identify the additional procedures that would be needed and evaluate whether it is possible to change the count date for the 20-7 audit.(6 marks) December is their biggest selling month of the year, and showing up on Dec 31 or Jan 2 to count inventory is not high on their, or their employee's, wish list. They'd find it much easier if they had January or even February to let things cool down