1. Differentiate cut-off testing and subsequent payments testing.
2. You are auditing the inventory account – a significant account of the client’s balance sheet. The client has many warehouses in remote areas that you will not be able to observe their year-end stocktake. Further, the corroborating evidence shows the inventory turnover has slowed down significantly since last year.
i. Identity and explain assertions at risk.
ii. For each assertion, suggest substantive tests of details that should be performed.
iii. Why is observing a stocktake important for auditing inventory?
It’s that simple.Pay only when you are satisfied.
Get Personalized Homework Help
Improve Your Grades Today
How It Works
1-Send us your Assignment requirements, attach and deadline for submission.
2-You will get a confirmation from us with a price quote.Pay us and be relax.
3-Your Completed task will be e mailed to you before agreed time.
Submit Your Assignment/Essay/Discussion/Term Paper/Final Exam or CaseStudy Detail
Send your academic problems,
Get instant Help only at Writerscampus!