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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.
State four factors considered determining sufficiency of audit evidence
It is a compulsory audit Completed by a CA. Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.
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what is the role of a joint auditor
Why is studying Auditing different from studying other accounting topics?
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