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Question - The auditor's responsibility is to observe the stock taking process. However, observing the stock taking process implies a much more active role for the auditor, than that of a mere spectator.
Required -
i. Explain TWO (2) issues that auditor may face in the verification of inventory.
ii. Discuss the importance of auditor's attendance during the stock process.
iii. Explain TWO (2) responsibilities expected of the auditor during the observation of the stock taking process.
Identify a business problem or opportunity at an Accounting company where you are familiar. This will be a business problem that you will use for the individual
read question 4 scenario from your text chapter 9 page 349 then complete the shaded areas of the following table. after
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On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding. On July 1, 2017, Alpha issued 50,000 additional shares.
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