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What happens when becomes impossible for auditors

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Reference no: EM132859948

Discussion 1: We learned this week that physical inventory count is so important that auditing standards made it a required audit procedure. Then what happens when it becomes impossible for auditors to access inventory physically? As we know, that is not a hypothetical question anymore. The below articles from Journal of Accountancy and KPMG describes the problem and presents alternative methods auditors are using to overcome the new challenge.

Reference no: EM132859948

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What happens when becomes impossible for auditors : Auditing standards made it a required audit procedure. Then what happens when it becomes impossible for auditors to access inventory physically?
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