When a PA has accepted an engagement from a new client that is a manufacturer, it is customary for the PA to tour the clients plant facilities. Discuss the ways in which the PAs observations made during the course of the plant tour will be of help as he or she plans and conducts the audit.
When a PA has accepted an engagement from a new client that is a manufacturer, it is customary for the PA to tour the client’s plant facilities. Discuss the ways in which the PA’s observations made during the course of the plant tour will be of help as he or she plans and conducts the audit.
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The public accountant will observe the nature of the companys products, the manufacturing facilities and processes, and the flow of materials so that the information thus obtained can be related later…View the full answer
Related Book For 
Auditing The Art and Science of Assurance Engagements
12th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
ISBN: 978-0133098235