Question: Instruction: Give at least two (2) audit procedures for each management assertions for production transactions and inventory warehousing transactions. (Total of 20 points) MANAGEMENT ASSERTIONS

Instruction: Give at least two (2) audit procedures for each management assertions for production transactions and inventory warehousing transactions. (Total of 20 points) MANAGEMENT ASSERTIONS AUDIT PROCEDURE FOR PRODUCTION AUDIT PROCEDURE FOR INVENTORY TRANSACTIONS WAREHOUSING TRANSACTIONS 1. Existence or occurrence 1. Existence or occurrence 2. Completeness 2. Completeness 3. Valuation or allocation 3. Valuation or allocation 4. Presentation and disclosure 4. Presentation and disclosure 5. Rights and obligations 5. Rights and obligations age

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