1. At times auditing inventory can be a challenge; here are 3 situations that ma

1. At times auditing inventory can be a challenge; here are 3 situations that may not be “ideal”. Select ONE and discuss with your peers, how you will handle the inventory portion of the audit:
Canyon Cattle, which maintains 15,000 head of cattle on a 1,000 square mile ranch, mostly unfenced, near the south rim of the Grand Canyon in Arizona.
Roads Mfg Co., which has raw materials inventories consisting principally of pig iron loaded on gondola freight cars on a siding at the company’s plant.
Strawser Company, which in production around the clock on three shifts, and which cannot shut down production during the physical inventory.
2. Data analytics are part of audits. For this week’s discussion, please describe AT LEAST TWO data analytic applications that might be used to audit receivables, sales and inventory (2 each).
Each answer should be 275 words and pleae put the number in front each answer. do not copy the answer from any website.