Description
All financial statement audits will include an audit of the inventory cycle. You should plan for the audit by setting the audit objectives. For this assignment, write and submit 300–400 words that set specific internal controls that should be included to meet the following management assertions:
- Existence
- Completeness
- Accuracy or valuation
- Rights and obligations
- Presentation and disclosure
Explanation & Answer
Hello. I am through with the paper, I passed it through grammarly to ensure that grammar is perfect and also turnitin for plagiarism. The paper is good now. However, you can contact me in case you want anything more. pleasure working with you. goodbye
Running head: INVENTORY CYCLE AUDIT CONTROLS
INVENTORY CYCLE AUDIT CONTROLS
Student’s Name
Institution Affiliation
Date
INVENTORY CYCLE AUDIT CONTROLS
1
Inventory Cycle Audit Controls
Existence
The existence of an inventory during an audit exercise can be controlled by the
application of a physical count to establish the reported values in the financial st...
Review
Review
Europe(Continental)