Discussion Post: Auditing Principles and Procedures
• Explain the importance of observing physical inventory during an audit.
• Explain the Concept of Audit Sampling?
• Property, plant, and equipment is often a significant portion of a company's assets. Describe the inherent risk factors that can affect the audit of this account.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.