For Each of the Following Potential Misstatements for Inventories, Identify

Essay

For each of the following potential misstatements for inventories, identify a necessary control:
1.Failure to record goods received
2.Unreliable count procedures during a physical stocktake
3.Inappropriate basis for determining inventory costs
4.Unauthorised removal of goods from inventory
5.Insufficient extent of comparison between stocktake count and inventory records
6.Inadequate investigation and correction of differences between inventory count and inventory records