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McKesson & Robbins Company is a well-known audit case involving auditor responsibility. What ...

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McKesson & Robbins Company is a well-known audit case involving auditor responsibility. What ...

McKesson & Robbins Company is a well-known audit case involving auditor responsibility. What occurred at the McKesson & Robbins Company to change the way in which auditors audit inventory?

▸ The company recorded nonexistent inventory.

▸ The auditor did not perform any audit tests of the inventory.

▸ The auditor and company colluded to overstate inventory balances.

▸ The company counted inventory three months prior to year-end.

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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