A. Entities without inventory records
Rely heavily on stocktake / physical count at the end of the reporting period.
B. Entities with comprehensive inventory records (perpetual system)
Auditor should do:
- TOC (Tests of Controls) over recording/maintaining inventory records
- Observation of physical inventory (existence)
- Verification of cost and net realizable value (NRV)
Tiada ulasan:
Catat Ulasan