Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so...

 

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Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock. Exam question: Trent Textiles (Inventory volumes) Trent Textiles does not have a perpetual inventory system, so the value of the stock in the accounts is found from the inventory count at the year end. For management purposes, Trent Textiles carries out a full stocktake every three months. Your permanent file of the company confirms that it has a single factory and no internal audit department. You have been asked by the manager in charge of the audit to suggest the work you will perform at the stages listed below. Exam question: Trent Textiles (Inventory volumes) Required: You are required to describe: (a) The work you will carry out prior to the commencement of the inventory count. (b) The procedures you will check and the work you will carry out during the inventory count to ensure the company's staff have accurately recorded the stock.

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a Work to be done prior to inventory count Track inventory items and their total value recorded in t... View the full answer