Auditing and Assurance: Resolving Inventory Related Risks for Computing Solutions Limited

Running head: Auditing and Assurance
Auditing & Assurance
Name of the Student-
Name of the University-
Author’s note-

Auditing & Assurance1
Executive summary
The report aims to assessing the foundation of the risk that is being related to the problem that is
associated with material misstatement and focusing in relation to determine the appropriate
response embedding with resolution to the inventory related to Computing Solutions Limited.
The best-selling computer presentation package is particularly involved with the protocol about
inventory system where they receiving higher level of returns very effectively. The report is
specifically discussed about the resolution of experiencing higher-level of return from the
business. The proper reason behind the transformation has been defined effectively. Closing
inventory and the inventory turnover rate measuring during the period of 2018 was 5.2 times and
in the year 2019, it is usually measured that it rises up to 3.8 times. Key assertions taken at the
conditioning factor measuring at risk in relation to inventory system is efficiently discussed.
Identification and discovering the two types of substantive auditing procedure that is inherited of
corresponding respondents to all the types of risks that are mainly identified.
It can be concluded from the above topic that riskiness related to accordance of the materialistic
value assets which are accompanied with the calculation concept embedding of the generic
scenario. The substantive auditing procedure is hence helpful in the context of enhancement in
helping optimization.

Auditing & Assurance2
Table of Contents
Introduction......................................................................................................................................3
Discussions......................................................................................................................................3
Solution to question 1a)...............................................................................................................3
Solution to question 1ii)...............................................................................................................4
Solution to question 1 iii)............................................................................................................5
Solution to question 2i)................................................................................................................6
Solution to 2ii).............................................................................................................................6
Solution to question 2 iii)............................................................................................................7
Recommendations............................................................................................................................8
Reference List..................................................................................................................................9