Auditors procedures after stock taking, Auditing

Auditors Procedures After Stock Taking

It is particularly a follow up exercise and it includes:

1) Checking the cut off along with the details of last numbers of stock movement forms and goods outward and goods inward notes after the year and end while the year.

2) Ensuring about the final stock sheets have been simply prepared from the count records. He must specifically check which all the forms issued were returned.

3) He should verify the final stock sheets for pricing, casting, extensions, summarization and the essential improvement.

4) The attendance and follow up any notice made.

5) Showing the management of any problems in stock taking exercise so because they can act accordingly.

Posted Date: 1/27/2013 11:51:04 PM | Location : United States







Related Discussions:- Auditors procedures after stock taking, Assignment Help, Ask Question on Auditors procedures after stock taking, Get Answer, Expert's Help, Auditors procedures after stock taking Discussions

Write discussion on Auditors procedures after stock taking
Your posts are moderated
Related Questions
Oversee commission staff to ensure individuals are properly trained and monitored. please provide me with some risks, controls and audit tests for the process above.

People do not plan to fail, they fail to plan. Planning is an essential feature of an effective audit. The most effective plan is one that is reduced to writing, outlining the au

describe how the auditors would determine that all investments income from shares had been properly recorded in the accounting records

Kelley Brent, CA, is a partner in a one-office CA firm that audits Dane, Inc., a closely held corporation. Kelley''''s sister was recently appointed as the chief financial officer

Conformity and Conservatism - External Auditor Report Conformity Although the user of the accounts expects the accounts to conform to general accepted accounting princi


Going Concern Considerations - Audit Process IAS 1 Presentation of Financial Statements knows the going related assumption as one of the fundamental assumptions that underlie

types of EDP accounting system and impact of EDP accounting controls

Question : Describe the methodology and process of conducting an audit. Define audit Describe the methodology of conducting an auditĀ  Describe the process of conduc

Length: 2000 words Submission method options Alternative submission method Task Question 1 (5%) Case: Battersby and Associates Chartered Accountants is a successful mid-tier ac