This memorandum will be my last official communication concerning the inventory count but if you wish to discuss any aspect of the count, please see me. YOU ARE REQUIRED TO: Describe the audit procedures you will conduct when you attend the inventory count at the end of Shareware Ltd's financial year? (10 marks) 3.1 Recently, your firm was appointed as auditor of Shareware Ltd, a wholesaler of inexpensive eyewear. The company's financial year ends on 31 March 2022. Peter Lens was also recently promoted to the position of financial manager of Shareware Ltd and has, for the first time, taken on the responsibility for the annual inventory count. He has drafted a memorandum to his staff but has asked you to comment on it before it is distributed to staff. MEMORANDUM To: All staff involved in the inventory count From: Peter Lens Date: 3 February 2022 Subject: Inventory count 1. The inventory count will take place somewhere between 28 and 31 March 2022 . As we expect to be very busy at this time with the receipt and despatch of the new winter lines of eyewear, we will hope for a quieter day to do the count. 2. The following staff members from the accounting department should count the inventory in the identified section of the warehouse