Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging

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Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging task than the verification of most other items on the balance sheet. List several specific factors that support this view.

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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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Question Posted: Oct 27, 2014 04:55 AM

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Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging

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Principles of Auditing and Other Assurance Services

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