Why does an auditor record some inventory test counts?

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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What is the purpose of inventory cutoff tests?
How does the auditor guard against inclusion in the final inventory listing of count sheets or tags containing fictitious inventory items?
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Why does an auditor record some inventory test counts?

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An auditor records some inventory test counts during an audit for several important reasons Verification of Inventory Accuracy The auditors test count...View the full answer

Auditing An Assertions Approach

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