AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 13, Problem 13.5RQ
To determine

Concept Introduction:

Inventory audit: An organization may be trading or manufacturing or a service provider. Every type of organization holds some kind of inventories and inventory has the same important as of the blood in the body. Auditor’s take special care while doing inventory audit because there are high chances of misstatements in inventory transactions.

To indicate: key segregation of duties in the inventory management process and errors or fraud in absence of this segregation.

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