Your client counts inventory three months before the end of the fiscal year because controls over inventory
Question:
a. Check that shipping documents for the last three months agree with perpetual records.
b. Trace receiving reports for the last three months to perpetual records.
c. Compare gross margin percentages for the last three months.
d. Request the client to recount inventory at the end of the year.
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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