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The Lim Kim who is an auditor of Win Ltd has noted that inventory was not written down to its net realisable value in accordance
The Lim Kim who is an auditor of Win Ltd has noted that inventory was not written down to its net realisable value in accordance with Australian accounting standards. The write-down would reduce current assets of Win Ltd by 15% and net profit before income tax by 13%. What type of auditor's report should you issue? Explain the reason for your answer.
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