Help on revision for next week exam

loopy lou

Can anyone help with the answers to these questions?

1. Set out sustansive tests for the following

a. stock is recorded at the right quantity
b. stock is recorded in the balance sheet at the lower of cost and nrv.

2. give two observation tests to be carried out at the stock take attendance.


3. When planning the audit of stock give the following

a. four factors to take into account when establishing a sample size
b. three methods of selecting the sample


Many Thanks

sdv

loopy lou wrote: »

Can anyone help with the answers to these questions?

1. Set out sustansive tests for the following

a. stock is recorded at the right quantity
b. stock is recorded in the balance sheet at the lower of cost and nrv.

2. give two observation tests to be carried out at the stock take attendance.


3. When planning the audit of stock give the following

a. four factors to take into account when establishing a sample size
b. three methods of selecting the sample


Many Thanks

try this

http://www.auditnet.org/docs/AuditProgramPhysical_Inventory.PDF