AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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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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Please provide answer this general accounting and step by step calculation
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