Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 4.00

inventory compilation

11-49     LO 8 The following tasks are completed by the auditor while

observing the physical inventory. For each task, state which asser- tion(s) is tested by the task: (1) existence or occurrence, (2) com- pleteness, (3) rights and obligations, (4) valuation or allocation,   or

(5) presentation and disclosure.

a.       The auditor makes test counts of selected items and records the test counts for subsequent tracing into the client’s inventory compilation.

b.       The auditor takes notations of all items that appear to be  obsolete or that are in questionable condition; the auditor follows up  on these items with inquiries of client personnel and retains the data to determine how they are accounted for in the inventory compilation.

c.       The auditor observes the handling of scrap and other material.

d.       The auditor observes whether any physical movement of goods occurs during the counting of inventory.

e.       The auditor records all high-dollar-value items for subsequent tracing into the client’s records.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Aug 2017 11:08 AM My Price 4.00

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