All of the following are required by the auditor before allowing the client to take inventory before year-end except which one?

Question

Quizplus · Accepted Answer

Weak internal controls would not allow the auditor to grant permission for the client to take inventory before year-end. The absence of "red flags", the ability to effectively test the year-end balance, and reviewing intervening transactions are all necessary steps for the auditor to ensure the accuracy and reliability of inventory counts.

All of the Following Are Required by the Auditor Before