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you identified a deficiency in internal control and an error in the clients inventory valuation analysis. What are the next considerations you should make? Based
you identified a deficiency in internal control and an error in the clients inventory valuation analysis. What are the next considerations you should make? Based on the facts described above, what would your conclusion be with respect to your evaluation of the control? Assume there were no other control deficiencies or errors identified in the audit.
In light of your conclusion on the nature of the control deficiency above, what type of opinion will you issue on the companys system of internal controls over financial reporting and why?
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