Solved

If the Inventory Count Is Done at a Date Other

Question 96

True/False

If the inventory count is done at a date other than the end of the year,the auditor does not have to observe the inventory count but should perform his own count at year end.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q91: Primal Elements,Inc is a new company that

Q92: The disclosures related to the financial statements

Q93: The appropriate journal entry for the transactions

Q94: Management often uses internal controls in the

Q95: Automated inventory systems may be used to

Q97: The balance sheet for BCS,Inc.for December

Q98: The client may use a variety of

Q99: On the balance sheet,the inventory process includes

Q100: If the auditor selects the sample of

Q101: The auditor uses substantive tests of balances