Question
Describe in specific detail (a) the detail audit procedures/steps and tests used to observe the annual wall to-wall physical inventory count, (b) the compilation and
Describe in specific detail
(a) the detail audit procedures/steps and tests used to observe the annual wall to-wall physical inventory count,
(b) the compilation and pricing of the physical inventory count and
(c) the finalization, comparison and calculation of the book to physical (BTP) adjustment. A description of the "general" process will not be sufficient.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
If your company records its stock as an asset and it undergoes an annual audit then the auditors can be undertaking an audit of your stock Given the big length of a few inventories theyll have interac...
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
