In auditing a manufacturing entity, which of the following procedures would an auditor most likely perform to determine whether slow-moving, defective, and obsolete items included in inventory are properly identified?
The following questions deal with internal controls in the inventory and warehousing cycle and tests of details of balances for inventory. Choose the best response. © 2018 DeVry/Becker Educational Development Corp. Used with permission. All rights reserved. Chapter 21 / AUDIT OF THE INVENTORY AND WAREHOUSING CYCLE 721 a. Alpha Company uses its sales invoices […]