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Because of a direct request from the Big Companys management, Chris did not observe Big's physical inventory for the year ended 12/31/18. However, Big maintains
Because of a direct request from the Big Companys management, Chris did not observe Big's physical inventory for the year ended 12/31/18. However, Big maintains extensive perpetual inventory records, and Chris has been able to perform other substantive procedures and is satisfied as to the fairness of the ending inventory balance for 12/31/18. What type of report would you recommend in this situation and why? What factors influenced your decision?
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