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Unformatted text preview: g. dress down h. lock down all inventory to avoid the "shell game" , consignment inventory, ship + hold i. tour warehouse to insure all items were tagged j. pick up last receiving and shipping documents k. inquire whether title has passed for goods on dock or in warehouse l. compare high dollar items to previous years and inventory master file for reasonableness m. obtain cutoff documents 6. Record test counts - Why? a. precludes client from changing numbers b. evidence of physical examination c. discuss the unique aspects of examining diamonds, gold mine, and real estate...
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- Fall '08
- Physical examination, Distribution, retailing, and wholesaling, physical inventory observation, W.R. Knechel, Examination of Inventory