Problem 2: Audit Procedure for Inventory s part of the invenbery compiletion oudit Equipment, you have planned to perform teits to addren both complereness ond esistence Price testing will be hondled in o seporote procedure. You have the follerwing informartion procedures for the Inventory of The18 ATV INVENTORY PER SCHEDULE Item No. Isem Des 1001-08 Earth mover, 1995, yelow AUDS 1002-08 Front ader, 2009, green AUDs 1003-08 Backhoe, 2007, yelow AUD) O 1004-08 Earth mover, 2011. green Aly2 1003-08 Damp thck, 2007, yelow 1006-08 Steam roller, 2004, yelow Au INVENTORY OBSERVED DtRNGAUDr Tag No. Item Description A Steam roller. 2004. yelam Yes AU02 Earth mover, 29J AU03 Backhoe, 20yes obsolete AUO7 F Required tealing? What does existence Nesting tell you as our souelones estng What does completeness esing te d boing onl tme findings impon whot i you awesment oboue the inventoryt Now do you a. Which will ion c, what is you assessment about the inventoryl How do you proceed from here