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Author Question: There must be a periodic physical count by the client of the inventory items on hand (Read 57 times)

Dannyrod2

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on: Aug 21, 2022

Question 1

The test of details of balance procedure which requires the auditor to account for unused inventory tag numbers to make sure none have been deleted is associated with the audit objective of
◦ accuracy.
◦ existence.
◦ detail tie-in.
◦ completeness.

Question 2

There must be a periodic physical count by the client of the inventory items on hand
◦ only if the client uses the LIFO method.
◦ only if the client uses a lower-of-cost-or-market method.
◦ regardless of the client's inventory valuation method.
◦ only if the client uses either the LIFO or FIFO method.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Dannyrod2 on Aug 21, 2022

risolinick@gmail.com

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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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Dannyrod2

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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