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Test Tray Audit Form

Test Tray Audit Form

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what's up audit fans welcome to the last video in the series on inventory auditing so far we've looked at substantive procedures we've looked at the roll forward and roll back mechanism when we can't actually do the audit right on smack bang on the end of the financial year i've talked about the management accounting and costing impacts when we're auditing inventory and the complexities associated there and today we're going to wrap up this series by looking at testing internal controls over inventory remember internal controls are there to make sure that everybody in the business is following the policies and procedures so that we have accurate data so that businesses can make the right decisions as they're going through their financial year and so that then the management accountants and the financial accountants can prepare the financial statements for investors shareholders and other interested parties to look at so to

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