CAT / FIA FAU Syllabus D. Audit Evidence And Procedures - Inventory - Possible Count Weaknesses - Notes 16 / 18
The auditor should look for the following:
No pre-numbering of count sheets
This ensures none are counted twice or lostNo "expected" stock amounts on the count sheets
No filling in count sheets in pencil
Counters are store staff
Inventory not tagged after being counted
Count sheets not signed by counter
Lack of written instructions for the counter
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Syllabus D. Audit Evidence And Procedures
D3. Substantive procedures