List four substantive procedures to test valuation assertion

Reference no: EM133208324

Question

Your CPA firm is conducting a statutory audit of the financial statements of BB Company for the fiscal period ended December 31, 2019. The partner in charge of the audit has assigned you to develop substantive procedures for the inventory account.

Task

List 4 substantive procedures (in addition to sample selection) to test the valuation assertion for BB's inventory. Do not use an analytical procedure as part of your answer.

Reference no: EM133208324

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