One of the problems faced by the auditors in their verification of inventory is the risk that
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Prepare a list of the auditing procedures that the auditors should employ to determine whether slow-moving or obsolete items are included in the physical inventory.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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