Consider what you have learned about audit procedures, Ask an Expert

Management Studies

Consider what you have learned about audit procedures related to the acquisition and payment cycle as you respond to the following questions. Please respond to all of the following prompts in one combined main response:

The audit of inventory can be difficult for a number of reasons: inventory is easily moved and can be stored at multiple locations, plus it can be difficult to value. What steps can an external auditor take to increase confidence in the results of the inventory audit?

There have been several instances in the past of fraud based on inventory. What are some of the ways in which a fraud involving inventory can be perpetrated? How can the auditor discover those frauds?

An auditor focusing on inventory isn’t interested in purchasing or accounts payable, because “that’s just matching purchase order numbers to invoices and checks.” Do you agree? Why or why not?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92596504

Have any Question?Write your Review or question?

Related Questions in Operation Management

Please rewrite the attached paper that make mine apa

Please rewrite the attached paper that make mine, apa format. I am staff Accountant at TS tech, the company that i did the research for future career is state auto -accounting manager position. Please follow the guidelin ...

1 briefly describe the background of game theory2 on page

1. Briefly describe the background of game theory 2. On page 58, it states "Successful business strategy is about actively shaping the game you play, not just playing the game you find." Evaluate this statement. 3. Expla ...

Interview questions and directions for paperselect a a

Interview questions and directions for paper Select a a leader (preferably a health leader) you know either in a professional or personal context. You then should have conducted a 30-minute interview (either in person or ...

Create a written survey that could be used to collect

Create a written survey that could be used to collect feedback from clients about their satisfaction with the services in your chosen area. (use business technology if possible.if not,explain how business technology coul ...

How can increasing competition aid innovation how can

How can increasing competition aid innovation? How can increasing competition hinder innovation? Explain via a diagram where rival firms may invest more money to increase the probability that their researchers find an in ...

Any corporate entity is required to maintain control of all

Any corporate entity is required to maintain control of all its properties for its owners. The governing board and members of management are individually and collectively responsible for the prudent protection of assets. ...

Use the two big questions of economics and the economic way

Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man. Does he face scarcity? Does he make choices? Can you interpret his choi ...

Tom long and mark short ask their attorney susan north esq

Tom Long and Mark Short ask their attorney, Susan North, Esq., whether Title VII of the Civil Rights Act applies to The Long and the Short of It ("L&S”). L&S has four stores with a total of 62 employees. Growth has been ...

1 what would you include in a change management template to

1. What would you include in a change management template to help the organizations within your company handle change 2. What is global business and how can I apply what is learned in this subject to my business venture. ...

1 whether current employment laws are sufficient to protect

1. Whether current employment laws are sufficient to protect employees in the workplace? Please don’t send answer without a website 2. Giving consumers a perception that there are distinct differences between products re ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert