The purpose of tracing a sample of inventory tags to a clients computerized listing of inventory items

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The purpose of tracing a sample of inventory tags to a client’s computerized listing of inventory items is to determine whether the inventory items

a. Represented by tags were included on the listing.

b. Included on the listing were properly counted.

c. Represented by tags were reduced to the lower of cost or market.

d. Included in the listing were properly valued.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:45 AM

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The purpose of tracing a sample of inventory tags to a clients computerized listing of inventory items

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