Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
meghan.binge meghan.binge
wrote...
Go to Answer
Posts: 124
Rep: 0 0
A year ago
A common inventory observation procedure is to select a random sample of tag numbers and identify the tag with that number attached to the actual inventory item. The audit objective being achieved by this procedure is

▸ inventory as recorded on tags actually exists (existence).

▸ existing inventory is counted and tagged (completeness).

▸ inventory is counted accurately (accuracy).

▸ inventory is classified correctly (classification).
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 24 times
1 Reply
Replies
Answer verified by a subject expert
allegri87allegri87
wrote...
#1
Posts: 131
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

meghan.binge Author
wrote...

A year ago
You make an excellent tutor!
kater28
wrote...

Yesterday
Thanks
halyna
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1231 People Browsing
 127 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 231
  
 322
  
 1267