Question
The individual auditors conducting the audit inventory test at CMH were lacking the appropriate training or knowledge to conduct their jobs. Assume that you were
The individual auditors conducting the audit inventory test at CMH were lacking the appropriate training or knowledge to conduct their jobs. Assume that you were assigned to an audit client and you find yourselves in a similar situation when you arrive to conduct an inventory observation. In particular you are asked to observe inventory counts of products for which you are unsure of the appropriate measurement technique and are lacking in knowledge of the product itself. The client quickly describes the misstatements process and offers to help you identify the different products. You are still unsure of your abilities to conduct this inventory observation. How would you handle the audit inventory?
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