Assume You Are Working on the Audit of Inventory at Ralph's

Essay

Assume you are working on the audit of inventory at Ralph's Grocery Store. a. Identify the two most important management assertions relating to inventory and explain how you will gather audit evidence to determine that these assertions are true.
Assertion $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ Evidence

b. What audit assertions would be the most important relating to the fixed assets of the store? Explain how you would gather audit evidence to verify these assertions.
Assertion $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ Evidence