During your audit of the inventory account, you notice several adjustments made to the inventory account at
Question:
a. Identify several questions that you should ask of management regarding the entries.
b. Describe three possible scenarios to explain the entries that involve adjustments associated with error corrections.
c. Describe three possible scenarios to explain the entries that involve fraudulent entries.
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Related Book For
Auditing and Assurance Services An Applied Approach
ISBN: 978-0073404004
1st edition
Authors: Iris Stuart
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