Cost and authorization - detailed audit of stock, Auditing

Cost and Authorization - Detailed audit of stock

Cost

A favor of the auditor this is restricted generally to determining the technique adopted through the organization in pricing stocks.  The auditor weighs the appropriateness and acceptability of the policies adopted. Well the rest of the exercise is a mechanical exercise of testing to confirm about the technique adopted have been properly applied.

Authorization

Therefore the purchases cycle creates stocks, audit work of compliance tests, logical reviews and substantive tests in the area of buys rarely provide the auditor along with adequate evidence as just to authorization technique in obtaining stocks.

 

Posted Date: 1/25/2013 3:02:35 AM | Location : United States







Related Discussions:- Cost and authorization - detailed audit of stock, Assignment Help, Ask Question on Cost and authorization - detailed audit of stock, Get Answer, Expert's Help, Cost and authorization - detailed audit of stock Discussions

Write discussion on Cost and authorization - detailed audit of stock
Your posts are moderated
Related Questions
Skills and Objectivity of Expert The skills and competence of the expe rt Whether planning to require the work of an expert, so the auditor should assess the professiona

Non-statutory Audits The non-statutory audits are performed through independent auditors sicne the owners, proprietors, trustees, members  and governing and professional bodie

Conducting a critical review of published literature about a topic is fundamental step in developing your research skills. A first step towards a review of the literature is to sea

Procedures that Auditor Adopts The auditor’s procedures will include: (1) Getting an understanding of the entity as a whole in order to see the accounting system in proper per

Buyers - Disclosure and Presentation This case (case of Aluminium Industries vaassen B V v. Romalpa Aluminium Ltd) are simply relevant whether creditors involve a material amo

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.


Examine consignment agreement s and contracts

Checking consolidation papers The auditor pays particular attention to the calculation of: Goodwill arising on acquisition and consolidation Pre-acquisition and post-

Attempts to define True and Fair It must be concluded that there has been slight attempt precisely to define fair and true. The Companies Act needs an auditor to report in