Listed below are procedures that an auditor would perform with respect to inventory during an audit engagement.
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Listed below are procedures that an auditor would perform with respect to inventory during an audit engagement. Select the item or items that describe procedures that would be performed in a review engagement.
a. confirm inventory in the hands of consignees and public warehousemen
b. obtain an understanding of the internal control structure relating to the inventory
c. test the pricing and extensions
d. test the cutoff of shipping and receiving transactions e. observe the taking of the physical
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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