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meghan.binge meghan.binge
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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
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allegri87allegri87
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meghan.binge Author
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this is exactly what I needed
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This site is awesome
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Smart ... Thanks!
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