When the auditor attends an inventory count as a part of the inspection procedure, the auditor is
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When the auditor attends an inventory count as a part of the inspection procedure, the auditor is required to:
(a) Evaluate management’s instructions and procedures for recording and controlling the results of the entity’s physical inventory counting
(b) Observe the performance of management’s count procedures
(c) Inspect the inventory
(d) Perform test counts
(e) Inquire about the choice of the inventory method selected by the management
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Related Book For
Auditing Assurance Services And Forensics A Comprehensive Approach
ISBN: 9783319905204
1st Edition
Authors: Felix I. Lessambo
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