Reconciling the Physical Counts of Inventory

Related BrainMass Solutions

• Observing Physical Inventory, Explain a fraud scheme

  Inventory frauds can replace cheaper goods that look similar to the more expensive goods and trick the counters. Your discussion is brief (202 words) and gives three examples of inventory fraud schemes and explains the key factors in physical counts.

• Risks with physically accounting for inventory

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• This posting addresses high carrying costs.

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• Substantive Auditing Procedures for Inventory

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