Describe in specific detail (a) the detail audit procedures/steps and tests used to observe the annual wall
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Question:
Describe in specific detail
(a) the detail audit procedures/steps and tests used to observe the annual wall to-wall physical inventory count,
(b) the compilation and pricing of the physical inventory count and
(c) the finalization, comparison and calculation of the book to physical (BTP) adjustment. A description of the "general" process will not be sufficient.
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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