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Author Question: If a client intends to count inventory at an interim date, the auditor should expect there to be all ... (Read 45 times)

knemetz3

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on: Aug 21, 2022

Question 1

From which of the following evidence-gathering audit procedures would an auditor obtain most assurance concerning the existence of inventories?
◦ observation of physical inventory counts
◦ written inventory representations from management
◦ confirmation of inventories in a public warehouse
◦ auditor's recomputation of inventory extensions

Question 2

If a client intends to count inventory at an interim date, the auditor should expect there to be all of the following except
◦ controls over the preparation and maintenance of perpetual inventory records.
◦ competent personnel assigned to count the inventory.
◦ third-party inventory counting specialists.
◦ an adequately designed plan to count the inventory.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by knemetz3 on Aug 21, 2022

mamboz

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knemetz3

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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