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What are different ways to understand internal control over Inventories?
One of the steps is to gain an understanding of internal control for inventories. Internal control is a method to prevent misstatement of the inventory. This is important to determine for an auditor to decide how much evidence they must obtain regarding inventory. As an auditor, they must evaluate the internal control to understand the amount of risk that contributes to their audit risk. For this question, explain the different options on how an auditor should approach gaining an understanding on internal control. Also note how each option will change the audit.
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How big bazaar control inventories?
Big Bazaar might control inventories using a computer system and bar codes that track each item purchased and each item sold. This allows stock people to understand which items are purchased most often and which need removal from inventory.
Definition of internal control by different authors?
definition of control
What do you understand by internal control system?
An internal control system is a mechanism set in p[lace to check or manage the environment in an organization. This system is in place to control issues like corruption and quality.
What are the techniques to control service inventories?
plz tell me inventory managment yva queastions and answers......
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
What is the goal of inventory control?
The goal of inventory control is to be sure that optimum levels of inventories are available, that there are minimal stockouts (i.e., running out of stock),
What are the different types of control?
1,internal control i,ewhen looking at the managing systems in the business and auditing 2,birth control i.emethods of preventing to conceive or bearing
There are GAO internal control standards?
there are how many GAO internal control standards?
Which is a type of detective internal control?
Which of the following is a type of "detective" internal control
What is the objective of Internal Control System and explain briefly internal control framework?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
Internal control system in nigeria ECWA Church?
what is the internal control system of Nigerian churches
What has the author Roland Bemelmans written?
Roland Bemelmans has written: 'The capacity aspect of inventories' -- subject(s): Inventory control
