Guchi and Pluto are in a statistics class. At the end of the semester, after 5...

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Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
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How does the auditor guard against inclusion in the final inventory listing of count sheets or tags containing fictitious inventory items?
What evidence would an auditor examine for in- vestments valued at cost? Underlying equity? Market value?
What procedures can the auditor perform during the inventory observation to test for obsolete, excess, or slow-moving items?
How do the auditor's approach and emphasis in auditing assets differ from those in auditing liabilities?
What are some inquiries an auditor can make when examining inventories to add value to the audit?