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You are the partner in charge of the audit of Thingamajig Ltd. Your audit manager has given you the working paper seen below, which was

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You are the partner in charge of the audit of Thingamajig Ltd. Your audit manager has given you the working paper seen below, which was prepared by a junior auditor and reviewed by the manager. REQUIRED: List four (4) errors or omissions on the working paper. BE SPECIFIC. (Do not discuss the actual audit test results.) Thingamajig Ltd. Inventory D-2 Prepared by: JJ Smith ITEM # QUANTITY COST/EACH TOTAL 642 14 $ 1.00 $ 14.00A 643 70 50 35.00 644 2 12.00 24.00 9 2.00 18.00A 11 3.00 33.00A 659 15 1.00 15.00A 660 30 .60 18.00A 661 28 2.00 56.00 662 18 1.50 27.00 1 ITEM # QUANTITY COST/EACH TOTAL 642 14 $ 1.00 $ 14.00A 643 70 .50 35.00A 644 2 12.00 24.00 9 2.00 18.00A 11 3.00 33.00A 659 15 1.00 15.00 660 30 .60 18.00A 661 28 2.00 56.00A 662 18 1.50 27.00 Total inventory per auditee count and general ledger S 240.00 Audit Procedures Performed 1. checked, okay

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