{"id":16726,"date":"2023-04-23T20:45:51","date_gmt":"2023-04-23T20:45:51","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/the-observation-of-a-clients-physical-inventory-is-a-mandatory-auditing-procedure-when-possible-for-the-auditors-to-carry-out-and-when-inventories-are-material\/"},"modified":"2023-04-23T20:45:51","modified_gmt":"2023-04-23T20:45:51","slug":"the-observation-of-a-clients-physical-inventory-is-a-mandatory-auditing-procedure-when-possible-for-the-auditors-to-carry-out-and-when-inventories-are-material","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/the-observation-of-a-clients-physical-inventory-is-a-mandatory-auditing-procedure-when-possible-for-the-auditors-to-carry-out-and-when-inventories-are-material\/","title":{"rendered":"The observation of a client\u2019s physical inventory is a mandatory auditing procedure when possible for the auditors to carry out and when inventories are material."},"content":{"rendered":"<p>The observation of a client\u2019s physical inventory is a mandatory auditing procedure when possible for the auditors to carry out and when inventories are material.<\/p>\n<div>Required:<\/div>\n<div>a. Why is the observation of physical inventory a mandatory auditing procedure? Explain.<\/div>\n<div>b. Under what circumstances is observation of physical inventory impossible?<\/div>\n<div>c. Why is the auditors\u2019 review of the client\u2019s control of inventory tags important during the observation of physical inventory?<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The observation of a client\u2019s physical inventory is a mandatory auditing procedure when possible for the auditors to carry out and when inventories are material. Required: a. Why is the observation of physical inventory a mandatory auditing procedure? Explain. b. Under what circumstances is observation of physical inventory impossible? c. Why is the auditors\u2019 review [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[644],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/16726"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=16726"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/16726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=16726"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=16726"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=16726"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=16726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}