Hello. I have one questions in my revision guide that I have no clue how to answer. The infos are in ' kathmandu annual report 2019'

Q:

Kathmandu Holdings Ltd. is a listed company and is required to be audited. The audit report is on pages 74 - 78 of the annual report. From the information in the report, answer the following questions.

Required:

(a) One of the key audit matters is inventory. Explain in your own words why inventory is a key audit matter and what steps the auditors took to minimise the challenges with it.

( maximum 100 words)

(b) What do you understand by inventory shrinkage?

(maximum 80 words)

(c) Discuss auditor's independence and reponsibilities.

Thank you.