Mylab Accounting With Pearson Etext -- Access Card -- For Auditing And Assurance Services (17th Edition)
Mylab Accounting With Pearson Etext -- Access Card -- For Auditing And Assurance Services (17th Edition)
17th Edition
ISBN: 9780135176115
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
Question
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Chapter 21, Problem 24DQP

a.(1)

To determine

Explain the validity of quantity of inventory tested during the auditing process.

a.(2)

To determine

Describe the consequences of counting errors during the inventory test

b.

To determine

Explain the steps that are to be taken for inclusion of obsolete inventory.

c.

To determine

Explain the significance of the action to be taken for incorrect physical inventory.

d.

To determine

The steps to be followed for the arrival of shipments during physical inventory count.

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