Hello. I have this question that I have no clue how to answer. It's an accounting question (ACCTG 101). Also, it is based on the ' Kathmandu annual report 2019'.

Thank you

4. Audit: 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. max 100 words (b) What do you understand by inventory shrinkage? max 80 words (c) Discuss auditor's independence and reponsibilities. max 100 words