Question
You are auditing Francisco Incorporated and have just learned the company has inventory off-site in northern Ontario. (a) What are three things you should do
You are auditing Francisco Incorporated and have just learned the company has inventory off-site in northern Ontario.
(a) What are three things you should do after hearing this?
(b) Assume Francisco Incorporated has committed to doing an inventory count, and your audit team will observe the count. What two main duties should you perform?
(c) Assume Francisco Incorporated has committed to doing an inventory count, and your audit team will not observe the count. What two main duties should you perform?
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Inventory means any stock held by an entity for resale or use in the course of manufacturing of good...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
