ACC 490 Week 5 Team Assignment Audit Sampling Case Memo Get A Grade Work Use As a Guide Only
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Description
Audit Sampling Case Memo
Name
ACC/490
Date
Instructor Name
MEMORANDUM
To: John Smith
From: Audit Team A
Date: December 4, 2011
Subject: Mt. Hood Furniture Audit
Purpose
This memo aims at testing the level of accuracy in the final inventory compilation of Mt. Hood Furniture. The objective is to obtain reasonable assurance that inventory assertion is presented fairly in all material respects as well as to determine the value of Mt. Hood Furniture inventory based on a sample rather than counting the entire population.
Transcribing of the quantities to the final accumulation and valuation will also be done by the audit team. More so they will also determine if the accumulation and the pricing of the inventory are accurate; their task will also go beyond and determine if the audit...
