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Can you describe the audit procedures an auditor would conduct before the inventory count?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2022/05/16
hosam ahmed
by hosam ahmed , محاسب عام , ايكوبيست للاستشارات الهندسية

If your inventory undergoes an audit, an internal employee or external auditor will conduct a series of procedures to validate your records. Procedures can include inspection, observation, confirmation, recalculation, performance, or analytical analysis of inventory during any stage of operations.

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