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Your client is a local independent grocer with five stores which competes with a number of large grocery chains. It purchases goods from several large
Your client is a local independent grocer with five stores which competes with a number of large grocery chains. It purchases goods from several large grocery supply chains as well as from various vendors that sell directly to the store. Some vendors offer various advertising rebates or other price concessions for stocking goods. Explain how your knowledge of the business and industry would impact your audit of total purchases and accounts payable for the client.
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