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

The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is now focusing on the audit of revenue from

example of it security policies in Hardware

Capital allowances vs. Depreciation Whether the client can prove such they will keep the existing levels of investment in original terms, then there may be justification to ac



Recording the Audit - ISA 230 Purpose of working papers It is necessary which all audit work is documented - the working papers are the tangible evidence of the work co

The modern approach allows one audit of an auditable entity with one comprehensive report. One additional advantage is that this approach assists in staff development and retention

Develop a list of tasks the auditor should perform in planning this audit engagement, before any audit testing begins. Ans: It is in the interest of both client and auditor t

IAS 12 Income Taxes 1AS 12 needs a deferred tax liability should be well known for all taxable temporary difference with minor exceptions as goodwill that is not allowable for