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Case 5: You are the auditor for KWC Corporation. You gathered comparative information for inventory and accounts payable and calculated the days purchases in accounts

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Case 5: You are the auditor for KWC Corporation. You gathered comparative information for inventory and accounts payable and calculated the days purchases in accounts payable. Inventory Accounts payable Days purchases in accounts payable (365 days/payables turnover) 2018 $34.270 $ 8.295 44.2 days 2019 $57.921 $10.628 44.6 days Required: Prepare a list of possible concerns that you might have about potential misstatements in both accounts. (10 marks)

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