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- What are the directors responsibilities for stocktaking? b- What categories of stock are there? c- List the characteristics of good stocktaking procedures. d- What
- What are the directors responsibilities for stocktaking?
b- What categories of stock are there?
c- List the characteristics of good stocktaking procedures.
d- What are the auditors duties towards stocktaking:
Before the stock take
During the stock take
After the stock take?
e- What are the auditors tasks in connection with work in progress?
f- What overall tests can be applied in respect of stock?
g- Summaries of the accounting standards for the valuation of:
-Stock
-Work in progress
-Long term contracts
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