Top Posters
Since Sunday
7
n
3
j
3
o
2
x
2
c
2
2
p
2
n
2
3
2
C
2
z
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Hareplity Hareplity
wrote...
Go to Answer
Posts: 121
Rep: 0 0
A year ago
When there are no perpetual inventory files and inventory is material,

▸ an audit cannot be performed, so the auditor must issue a disclaimer.

▸ a physical inventory should be taken by the client near the end of the accounting period.

▸ the auditor will have to perform the inventory count and determine valuation.

▸ the auditor need not observe inventory counts but must do test counts.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 24 times
1 Reply
Replies
Answer verified by a subject expert
karisantikarisanti
wrote...
#1
Posts: 132
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

Hareplity Author
wrote...

A year ago
Brilliant ツ
Lawson1981
wrote...

Yesterday
Thank you, thank you, thank you!
dri
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  939 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1629
  
 513
  
 346
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: What's your favorite coffee beverage?