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Author Question: When determining the sample size for the number of items the auditor should count during the ... (Read 111 times)

shanell

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on: Aug 21, 2022
When determining the sample size for the number of items the auditor should count during the physical inventory,
◦ it is easy to quantify the number of items based on a formula developed by the AICPA.
◦ one of the key determinants that must be considered is internal control over the physical count.
◦ one of the key determinants that must be considered is the cost involved.
◦ generally accepted auditing standards require that at least 80% of the dollar value of the inventory should be included in the sample.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by shanell on Aug 21, 2022

RodrickHac

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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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shanell

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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