Your client proposes to conduct a stocktake one morth before year end and wishes to discuss the impact this will have on your audit. 

REQUIRED 

In each case, describe how the situation posed would affect the nature, timing and extent of your audit procedures. Explain.

Answer rating: 100% (QA)

A stocktake carried out by the client a month before the year end can affect the nature timing and extent of the audit procedures in several ways Lets ... View the full answer