Accounting 339 Assignment II Audit PalEx a Palestinian listed company issued its financial statements on the 31 ^ (st) of December 2019. The company does not issue comparative statements. The company Audit report in 2018 was qualified due to material departure from IFRS in accounting for inventory . The company now Accounts for their inventory using FIFO. You are an auditor PalEx asked to review the financial statements. Required: you conduct a review Explain your answer? - Based on your answer what would you advise PalEX do If they accept your advise and you performed all your procedures write the report -