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Joe has been assigned the task of auditing the inventory accounts for Marigold LLC, a nationwide provider of fertilizer and other lawn care products. Before
Joe has been assigned the task of auditing the inventory accounts for Marigold LLC, a nationwide provider of fertilizer and other lawn care products. Before Joe starts the audit of these accounts, which should he attempt to gain an understanding of? O How quickly the client settles account payables related to the selling of inventory. O Days sales in receivables, as this directly impacts the client's revenue and inventory accounts. O The results of analytical procedures associated with revenue accounts that relate to inventory credit sales. O Any potential issues with inventory obsolescence and seasonality that may affect risk associated with these accounts
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