Substantive Procedures_
Substantive
Inventory Procedures_
Cycle – Substantive
Audit
Inventory
Testing,
Procedures_
Cycle
Controls
– Audit
& Inventory
Testing,
Verification
Cycle
Controls
– Audit
&Study
Inventory
Testing,
Guide.pdf
Verification
Controls &Study
Inventory
Guide.pdf
Verification Study Guide.pdf
Substantive Procedures: Inventory
Cycle – Audit Testing, Controls &
Inventory Verification Study Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Substantive Procedures_
Substantive
Inventory Procedures_
Cycle – Substantive
Audit
Inventory
Testing,
Procedures_
Cycle
Controls
– Audit
& Inventory
Testing,
Verification
Cycle
Controls
– Audit
&Study
Inventory
Testing,
Guide.pdf
Verification
Controls &Study
Inventory
Guide.pdf
Verification Study Guide.pdf
, Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf
Terms in this set (10)
What are the three verbs that will apply in the Observe - To watch a process or procedure (mainly for existence)
inventory cycle?
List and explain each one Inspect - Examining, scrutinizing an invoice or physical asset (mainly for
valuation, checking if the value of the asset and its condition align) (Note,
you do the work, unlike watching a process, you must be proactive)
Inquire - Seeking information and knowledge from someone within the
entity
What are the two types/phases for the substantive 1) Year-end inventory count where we focus on: existence; completeness;
procedures for inventory? and valuation
2) The subsequent audit of the carrying value (after inventory count), where
we focus on: accuracy, valuation, and allocation; rights to inventory and
presentation of inventory.
Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf
Substantive
Inventory Procedures_
Cycle – Substantive
Audit
Inventory
Testing,
Procedures_
Cycle
Controls
– Audit
& Inventory
Testing,
Verification
Cycle
Controls
– Audit
&Study
Inventory
Testing,
Guide.pdf
Verification
Controls &Study
Inventory
Guide.pdf
Verification Study Guide.pdf
Substantive Procedures: Inventory
Cycle – Audit Testing, Controls &
Inventory Verification Study Guide
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Substantive Procedures_
Substantive
Inventory Procedures_
Cycle – Substantive
Audit
Inventory
Testing,
Procedures_
Cycle
Controls
– Audit
& Inventory
Testing,
Verification
Cycle
Controls
– Audit
&Study
Inventory
Testing,
Guide.pdf
Verification
Controls &Study
Inventory
Guide.pdf
Verification Study Guide.pdf
, Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf
Terms in this set (10)
What are the three verbs that will apply in the Observe - To watch a process or procedure (mainly for existence)
inventory cycle?
List and explain each one Inspect - Examining, scrutinizing an invoice or physical asset (mainly for
valuation, checking if the value of the asset and its condition align) (Note,
you do the work, unlike watching a process, you must be proactive)
Inquire - Seeking information and knowledge from someone within the
entity
What are the two types/phases for the substantive 1) Year-end inventory count where we focus on: existence; completeness;
procedures for inventory? and valuation
2) The subsequent audit of the carrying value (after inventory count), where
we focus on: accuracy, valuation, and allocation; rights to inventory and
presentation of inventory.
Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf Substantive procedure_ Inventory cycle.pdf
