Accountancy, asked by tewodrosfeyissa12, 4 months ago

explain points the auditor should perfom the followings during planning stages of an inventory auditing

Answers

Answered by Anonymous

Answer:

ʜᴇʀᴇ ᴀʀᴇ ꜱᴏᴍᴇ ᴏꜰ ᴛʜᴇ ɪɴᴠᴇɴᴛᴏʀʏ ᴀᴜᴅɪᴛ ᴘʀᴏᴄᴇᴅᴜʀᴇꜱ ᴛʜᴀᴛ ᴛʜᴇʏ ᴍᴀʏ ꜰᴏʟʟᴏᴡ:

ᴄᴜᴛᴏꜰꜰ ᴀɴᴀʟʏꜱɪꜱ. ...

ᴏʙꜱᴇʀᴠᴇ ᴛʜᴇ ᴘʜʏꜱɪᴄᴀʟ ɪɴᴠᴇɴᴛᴏʀʏ ᴄᴏᴜɴᴛ. ...

ʀᴇᴄᴏɴᴄɪʟᴇ ᴛʜᴇ ɪɴᴠᴇɴᴛᴏʀʏ ᴄᴏᴜɴᴛ ᴛᴏ ᴛʜᴇ ɢᴇɴᴇʀᴀʟ ʟᴇᴅɢᴇʀ. ...

ᴛᴇꜱᴛ ʜɪɢʜ-ᴠᴀʟᴜᴇ ɪᴛᴇᴍꜱ. ...

ᴛᴇꜱᴛ ᴇʀʀᴏʀ-ᴘʀᴏɴᴇ ɪᴛᴇᴍꜱ. ...

ᴛᴇꜱᴛ ɪɴᴠᴇɴᴛᴏʀʏ ɪɴ ᴛʀᴀɴꜱɪᴛ. ...

ᴛᴇꜱᴛ ɪᴛᴇᴍ ᴄᴏꜱᴛꜱ. ...

ʀᴇᴠɪᴇᴡ ꜰʀᴇɪɢʜᴛ ᴄᴏꜱᴛꜱ.

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Answered by Anonymous

Answer:

Here are some of the inventory audit

procedures that they may follow:

Cutoff analysis..

Observe the physical inventory count...

Test high value atoms....

Test error prone items...

Test itom costs.....

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explain points the auditor should perfom the followings during planning stages of an inventory auditing​