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Research scenarios which management could manipulate transactions impacting inventory values which he Audit Team might not detect. Recommend key strategies that the auditor could implement

Research scenarios which management could manipulate transactions impacting inventory values which he Audit Team might not detect. Recommend key strategies that the auditor could implement in anticipation of such manipulation. Justify your response. Then Explain the differences between a subsequent event and subsequent discovery of fact and list the auditor's responsibility for each event after the audit report is completed. Provide a rationale to support your position and give examples.

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