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You are the auditor for KPDZ Corporation You gathered comparative information for inventory and accounts payable and calculated the days purchases in accounts payable

You are the auditor for KPDZ Corporation. You gathered comparative information for inventory and accounts payable and calculated the days purchases in accounts payable. ___________________________________________2014...................2015 Inventory.................................................$34,270...............$57,921 Accounts payable........................................$ 8,295...............$10,628 Days purchases in accounts payable................44.2 days..............44.6 days (365 days/payables turnover) Required: Prepare a list of possible concerns that you might have about potential misstatements in both accounts.

Apr 06 2020 View more View Less

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