Audit Objectives - Inventory

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Issue:

Business

 

Written by:

Allison P

 

Date added:

October 18, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 565

 

Was viewed:

5173 times

 

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Essay content:

Determine that the valuation of inventories and cost of goods sold is arrived at by appropriate methods. 7. Determine that the presentation and disclosure of inventories and cost of goods sold is adequate, including disclosure of classifications of inventories, accounting methods, and any inventories pledged as collateral loans...
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Obtain an understanding of internal control over inventories and cost of goods sold. 2. Assess control risk and design additional tests of controls for inventories and cost of goods sold. 3. Perform additional tests of controls for those controls which the auditors plan to consider supporting their planned assessed levels of control risk a...
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