What procedures do auditors employ to audit inventory when the physical inventory count is taken on a

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What procedures do auditors employ to audit inventory when the physical inventory count is taken on a cycle basis or on a statistical plan but never a complete count on a single date?

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:46 AM

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What procedures do auditors employ to audit inventory when the physical inventory count is taken on a

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In this type of situation the auditor will arrange to be present during one more of ...View the full answer

Auditing and Assurance Services

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