Jennifer Jones has been assigned to audit inventory for Consumer Home Electronics Warehouse. Consumer Home Electronics Warehouse

Question:

Jennifer Jones has been assigned to audit inventory for Consumer Home Electronics Warehouse. Consumer Home Electronics Warehouse is a retailer of a variety of home electronics and appliances (ranging from refrigerator and stoves, washers and dryers, televisions, computers, and cell phones). Consumer Home Electronics Warehouse has 25 locations located in larger cities in the midwestern United States.


Required

Jennifer plans to audit the existence of inventory. Put the following steps associated with planning and executing a sample of inventory in the proper order.

a. Choose the number of items to be examined.

b. Document conclusions.

c. Select a representative sample.

d. Determine the objectives of the substantive test.

e. Determine the type of sampling to be used.

f. Determine the substantive procedures that will meet objectives.

g. Determine sample size.

h. Apply audit procedures.

i. Define the population and sampling unit.

j. Evaluate results of the sample.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

Question Posted: