From the auditors point of view, inventory counts are more acceptable prior to the year- end when
Question:
a. Internal control is weak.
b. Accurate perpetual inventory records are maintained.
c. Inventory is slow moving.
d. Significant amounts of inventory are held on a consignment basis.
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a Incorrect Controls must be strong for the rollforward to be reliable b Corr...View the full answer
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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