You have just finished your yearly audit of a publicly traded corporation. Descr

You have just finished your yearly audit of a publicly traded corporation. Describe how you would handle each of the following scenarios:Scenario 1Describe why there is a big emphasis placed on auditing cash and cash equivalents. Address the following:Scenario 2While doing an audit you discover inconsistencies in the company s expenses. Address the following:Scenario 3Why is auditing inventory more complex than auditing other asset accounts? Address the following:Scenario 4When an auditor is trying to determine if the financial statements are reported fairly how might a summary of potential adjustments help? Address the following: