WebExplain the audit objectives and the audit procedures in relation to: Inventory: ii) cut-off testing. Cut-off affects inventory, cost of sales, sales, payables & receivables.. phew! Sales Cut-off. Ensure sales are shown in the right period. It's not just sales that would be wrong otherwise but also receivables and closing inventory (oh yes it ... WebExplain the audit objectives and the audit procedures in relation to: Inventory: ii) cut-off testing. Cut-off affects inventory, cost of sales, sales, payables & receivables.. phew! …
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Audit System
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