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Evaluate each of the deficiencies noted

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Reference no: EM132840740

Advanced Auditing

You have been assigned the auditor in verifying inventory count procedures for a small manufacturing company. In performing the initial walk-through with the site Controller you identify the following issues: Shipping operations will not be completely halted during the physical count and there were be no independent verification of the original inventory count by a secondary team.

Problem (1) Evaluate each of the deficiencies noted.

Problem (2) What are the effects on your audit?

Problem (3) What additional audit procedures will you required to perform?

Reference no: EM132840740

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