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Describe substantive be procedures you should perform to obtain sufficient and appropriate audit evidence regarding inventory valuation?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/03/12
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

Audit evidence is all information where obtain from audit procedures or other sources _Performing audit procedures over the entity 's finalarge inventory records to determine whether the accurately reflect actual inventory count results -:Audit should *attend physical inventory counting. *Counting is conducted at the date of the financial statements. *Auditor should design perform procedures in order to identify litigation and claims involves the entity which may give rise to a risk of material misstatements

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