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npeelman npeelman
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6 years ago
The auditor has evaluated the effectiveness of the client's procedures to count inventory, and has provided constructive suggestions for improvement. However, the client has not implemented the suggestions, so the auditor has concluded that the inventory instructions do not provide adequate controls. This means that the auditor
A) must send a management letter informing management of the impact of these weaknesses.
B) must spend more time ensuring that the physical count is accurate.
C) should use attribute sampling to select a smaller sampling for testing the physical inventory.
D) increase the level of price and compilation tests to ensure better quality inventory pricing data.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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inthe80sinthe80s
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6 years ago
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npeelman Author
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6 years ago
Thank you, thank you, thank you!
Shuqin
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
deathDoUsPart
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2 hours ago
Smart ... Thanks!
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