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Auditing Inventory

Why do you think inventory is one of the more complex areas for and auditor to test? What kinds of inventories are performed at your organization? Have you ever taken part in them?

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Hi there,

Inventory is a complex area to test for the auditor because of the difficulties in determining complete existence and valuation. While an auditor can conduct an inventory count, it would be unlikely that the auditor would be able to conduct a 100% count. For ...