EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 14, Problem 14.9RQ
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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