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    Auditors Giving Value to Clients

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    1. Giving value to clients is absolutely essential to especially auditors. Your client, a public company in the jewelry business, is looking to you as their consultant, for suggestions to improve their profit.

    2. Inventory Procedures Using Computer-Assisted Audit Tools and Techniques :
    In your discussion

    Explain the process and benefits of audit sampling.
    Assess risks inherent to selected transaction cycles.
    Put the tests of controls and tests of balances in audit program format.
    Set up a working paper for each listed audit test, explaining how to perform the test and what type of evidence will be used.

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    Solution Summary

    Word document attached explains the importance of giving value to clients and inventory procedures using audit tools.