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
Co-operative Societies An audit in this case is carried out as a normal audit except you should note that the auditor is appointed by the Commissioner of Co-operatives and alth

OBJECTIVES To apply certain steps in the audit planning process, with emphasis on risk identification and audit response (strategy) thereto. To provide you with the exp

Sales are shipped FOB shipping point with credit terms n/45. You have verified that the last shipping number used in 2009 was 261,336 and that numbers were used in numerical order.

A. Board of Directors Best Buy's Board is elected by the shareholders to oversee the business and affairs of the company.  The board counsels, advises and oversees management wi

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

Banks The Authoritative documents are: The Central Bank of Kenya Act, The Companies Act Cap 486. IAS 30 Disclosure in the Financial statements of Banks and Similar

Communication with Expert Whether the auditor intends to utilize the work of an expert then he must communicate along with the expert well in advance to confirm the terms of e

Required: Describe a complete audit program for collecting relevant evidence for the audit of the estimated warranty liability. Approach: Develop specific assertions related to

Goodwill and Business Combinations - Intangible Assets Goodwill is the one of most strange of all assets since it cannot be differentiate from the business.  It cannot be sold

You are the partner in charge of the audit of Drugs4U Ltd, a company which develops, manufactures and sells to the a trade market a wide range of drugs which promote healthy living