Question: 1. In auditing, What does sheet to floor procedures to test the existence of inventory. Discuss what is meant by a sheet to floor count

1. In auditing, What does sheet to floor procedures to test the existence of inventory. Discuss what is meant by a sheet to floor count and how it addresses the an assertion. Also discuss why it is important to address existence as part of the year-end inventory observation audit procedure.

2. discusses the use of floor to sheet procedures to test the completeness of inventory. Discuss what is meant by a floor to sheet count and how it addresses the completeness assertion. Also discuss why it is important to address completeness as part of the year-end inventory observation audit procedure.

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