Your client counts inventory three months before the end of the fiscal year because controls over inventory

Question:

Your client counts inventory three months before the end of the fiscal year because controls over inventory are excellent. Which procedure is not necessary for the roll- forward?
a. Check that shipping documents for the last three months agree with perpetual records.
b. Trace receiving reports for the last three months to perpetual records.
c. Compare gross margin percentages for the last three months.
d. Request the client to recount inventory at the end of the year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

Question Posted: