Case 21-9-Toolkit Section IV Toolkit Section IV Exercise Handout Background You have just been assigned to the Big Box Retail Store (the "Company") audit engagement. Big Box Retail is a private

company that owns and operates large retail stores across the United States and the territory of Puerto Rico. Jodi Smith, the engagement senior, has assigned you the task of scoping the Company's store locations to determine which will be selected for the physical inventory count observation. Performance Materiality has been calculated at $15 million. To assist you, she has provided you a Microsoft Excel file that contains the inventory detail which shows the inventory balances by retail location and brand, as well as some visualizations that she created to analyze the population. If you need help, ask your professor for additional assistance.