Preparing for an inventory observation In the audit of inventory the auditor must perform important procedures prior to the actual observation. Identify the steps the auditor must take prior to the day the inventory is actually counted
Prior to inventory-taking day the auditor should:
? Meet with the client to discuss procedures, timing, location, and personnel involved in the taking of inventory.
? Review the client's plans for counting and tagging inventory items; determine that the procedures are sufficient to ensure an accurate inventory.
? Review the inventory taking procedures with all audit personnel; familiarize them with the nature of the inventory, potential problems, and any other information they may need.
? Determine whether specialists are needed to identify, test, or assist in correctly identifying inventory items.
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The ________ are meeting tomorrow at the White House
A) chiefs-of-staff B) chiefs of staff C) chief of staffs D) chief-of-staffs
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A) filing the notice of proposed rulemaking in an appellate court B) providing an opportunity for all interested parties to submit written comments to the agency C) scheduling a hearing at which experts give their opinions on a rule proposed by the agency D) appointing a counsel for persons unable to afford representation at the formal hearing
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Answer the following statement true (T) or false (F)