PLZ HELP! AUDIT

1. Formulate the audit objectives of the Inventory and COGS;

2. Identify the significant audit risks related to inventory and COGS;

3. Formulate the audit procedures needed to conduct the audit to Inventory and COGS;

4. Identify the important accounting principles related to that inventory and COGS for proper presentation in the financial statements;

5. Identify the documents and records that you need to obtain to confirm the fairness of inventory and COGS;

6. Please prepare the working paper assuming you have a potential audit finding and describe your finding. Why you consider that as an audit finding;

7. Assume when you confirm your material audit finding to your client, they do not agree sharply with your finding and refuse to make an adjustment. How you solve the matter?