During the observation of a client's physical inventory count, the auditor noted that the client had changed

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During the observation of a client's physical inventory count, the auditor noted that the client had changed the numbering system used to identify inventory products. In your observations, you discovered several errors in the product numbers recorded on inventory tags and brought the errors to the attention of the supervisor, who corrected every one that you noted. The auditor also noted that the count of inventory items was highly accurate. How would these findings affect the year-end audit of inventory?

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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