AUDITING & ASSURANCE M/C:

The following information applies to questions 4 and 5.The following treemap visualisation represents total sales of your client, GJ Ltd’s (GJ’s) inventory bycategory and product lines for the financial year ending 30 June 2018.Women’s wearSportswearMinnki PalsiiLe Baby DressFeiss wearTennis suitYe shoesT-SJumping Jack DressMen’s wearSamba socksBowtie | O-Man4. Based on the above visualisation, which of the following would you be LEAST concerned with inthe audit of GJ?a) The risk that GJ offers a product line that is too narrow for the company to be competitive.b) The risk that GI’s men’s wear line is potentially overstated.c) The risk that sales of the Minnki Palsii line is potentially overstated.d) The risk that that T-S product line is obsolete.5. Which of the following would be the LEAST appropriate procedure to undertake in testing salesof the Minnki Palsii product line?a) Select a sample of Minnki Palsii sales to verify that appropriate prices were used by referenceto the authorised price list as of the date of each sale.b) Review forward orders on Minnki Palsii for which payments have been received but thathave yet to be delivered to customers and ensure that they are excluded from sales.c) Physically inspect a sample of Minnki Palsii at each location where GJ stores the product lineand verify the same number of items are recorded in the company’s inventory records.d) Select a sample of Minnki Palsii sales and match to shipping documents to ensure that theappropriate quantities of goods were recorded for each sale.

Don't use plagiarized sources. Get Your Custom Essay on
AUDITING & ASSURANCE M/C:
Just from $13/Page
Order Essay
Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY