Auditing and Assurance

Provide at least three (3) alternative procedures you as an auditor may perform to obtain sufficient

appropriate audit evidence to support your audit opinion.

Case I: The New Name! The coronavirus (COVIDH19) pandemic has caused significant disruptions not only in our daily lives and in the business operations of companies, but these disruptions also pose signicant accounting and auditing challenges. Amongst those challenges is for the auditor to witness and conduct a physical inventory count. With scenarios like signicant health and safety concerns, lockdown, travel restrictions, etc. as imposed by the government, physical inventory counting would be challenging, and in some cases, it would be impracticable. The management of a company is required to establish procedures under which inventory is physically counted at least once a year to serve as a basis for the preparation of the nancial statements and, if applicable, to ascertain the reliability of the entity's perpetual inventory system. With the current pandemic, companies may revisit their inventory count strategy and discuss with the audit committee, those charged with governance