Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
mars03 mars03
wrote...
Go to Answer
Posts: 119
Rep: 0 0
A year ago
You are gathering evidence for the audit objective that existing inventory items are included in the inventory listing schedule. The audit procedure that would provide you with the best evidence to confirm this objective is

▸ trace from inventory tags to the inventory listing schedule and make sure the inventory on the tags is included.

▸ trace the inventory totals to the general ledger.

▸ perform tests of lower-of-cost-or-market.

▸ account for unused tags shown in the auditor's documentation to make sure no tags have been added.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 19 times
1 Reply
Replies
Answer verified by a subject expert
awbradshawawbradshaw
wrote...
#1
Posts: 126
Rep: 1 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

mars03 Author
wrote...

A year ago
Thanks for your help!!
lubennick
wrote...

Yesterday
Correct Slight Smile TY
Loruiz15
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1349 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 36
  
 93
  
 804
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?