Memo #$1$ Grocery Store $(12$ pages$)$ A friend who is a forensic accountant gives you a call about a client. He is now at a medium$-$sized grocery store, that hired him to determine the reason for their inventory shrinkages over the past two years. The grocery store is located in a southern city with seven cashier stations, two managers, and $25$ employees. The owner, who does not work in the store, is distressed about the inventory shortages. With razor$-$thin margins, $2\mathrm{.}5\%$ to $3\%,$ the owner must stop the $4\%$ plus shrinkage to survive. The grocery store has no self$-$service check out stations, has reasonable internal controls, and no organized shoplifting incidents. Your friend has been at the store for four days and has found nothing suspicious. He wants you to suggest ways to determine how this significant inventory shrinkage is occurring. Provide him with your plan and suggestions $($e$.$g$.,$ audit techniques, etc.$).$