Discuss the typical standard audit procedures that could have caught the fraud.

Aerosonic Corporation is an airplane instrument manufacturer. Inventory was an important asset to the company, representing almost 50% of the company’s total assets for the years in question, 1999 through 2002. As explained in a compliant filed by the SEC, a variety of techniques were utilized to overstate Aerosonic’s inventory.
Please discuss the typical standard audit procedures that could have caught the fraud
-Physical evidence:
-Recalculation/ Reperformance:
-Analytical procedures:
-Analytical procedures
SEC Complaint:




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