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You are an internal auditor for a medium-sized corporation. During your audit of the inventory storeroom, you discover the following: 1) The company seldom performs

You are an internal auditor for a medium-sized corporation. During your audit of the inventory storeroom, you discover the following: 1) The company seldom performs an inventory count 2) When counts are conducted, they are done by the manager of the inventory storeroom. 3) There are no detailed inventory records - no breakdown of the various types of inventory comprising the inventory. Required: Describe the ethical issues involved. What are your recommendations?

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