"Inventory"Please respond to the following: Create a scenario that demonstrates how management can manipulate inventory values that may go undetected by the auditing team. Given the inherit audit

“Inventory”Please respond to the following:

Create a scenario that demonstrates how management can manipulate inventory values that may go undetected by the auditing team.

Given the inherit audit risks related to inventory valuation, design an effective auditing plan for this area that minimizes risk exposure for the auditing firm.

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