Auditing aue303 exam pack - Study guides, Class notes & Summaries

Question 1 Substantive procedures to audit the value of finished goods Reference: Principle and practice of Auditing 1/24 Costing 1. Discuss the blueprints with Evans to obtain a general understanding of the diagram and the costing 2. Observe the manufacturing process and establish the reasonableness of the components, measurements and quantities as reflected the blueprints 3. Compare the blueprints (components, quantities and measurements) with previous years working papers to establis...