In making test counts of inventory items, the auditor should record the count and give a complete and accurate description of the item in the working papers.

Question

Quizplus · Accepted Answer

Recording the count and providing a complete and accurate description of the inventory items in the working papers allows the auditor to verify the existence and condition of the inventory, ensuring the accuracy and reliability of the financial statements.

In Making Test Counts of Inventory Items, the Auditor Should