Auditing accounting
Reading Time: < 1 minute
500 Words minimum
All financial statement audits will include an audit of the inventory cycle. You should plan for the audit by setting the audit objectives. For this assignment, write and submit 300–400 words that set specific internal controls that should be included to meet the following management assertions:
- Existence
- Completeness
- Accuracy or valuation
- Rights and obligations
- Presentation and disclosure
