Explain how the situation would affect your audit opinion

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Question - You are the audit partner in the following material scenario: The audit client, a winery located in the Margaret River region produces wines that are sold throughout Australia via distribution centres in Perth and Sydney. A significant portion (approximately 60%) of the inventory on hand at year end is stored in the Perth distribution centre. Perth has been declared a hotspot and you are unable to visit the distribution centre and attend the inventory count. Analyse and explain how the situation would affect your audit opinion.

Reference no: EM132988915

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