Many CPAs are sharing information over the Internet. Auditnet is an Internet site that contains audit programs donated by various CPAs. Auditnet’s address is www.auditnet.org . You can get to the audit programs by registering for the free material.
a. Select the inventory program, and summarize the procedures for testing inventory cutoff.
b. Describe the inspection procedures done by the auditors when they arrive at an inventory location for their observation.