Audit of Cost Accounting Cost Accounting Controls Tests of cost Accounting · Physical controls Documents and records for Transferring Inventory Perpetual Inventory Master Files Unit cost records Arens, Loebbecke, Auditing, &E @2000 by Prentice Hall. Inc
Arens, Loebbecke; Auditing, 8/E ©2000 by Prentice Hall, Inc. Audit of Cost Accounting • Cost Accounting Controls • Tests of cost Accounting • Physical controls • Documents and Records for Transferring Inventory • Perpetual Inventory Master Files • Unit cost Records
ANALYTICAL PROCEDURES After pertorming the appropriate tests of the cost accounting records and analytical procedures, the auditor is prepared to design and perform tests of details of the ending inventory balance. Analytical procedures are as important in auditing and warehousing as in any other cycle Arens, Loebbecke, Auditing, &E @2000 by Prentice Hall. Inc
Arens, Loebbecke; Auditing, 8/E ©2000 by Prentice Hall, Inc. ANALYTICAL PROCEDURES After performing the appropriate tests of the cost accounting records and analytical procedures, the auditor is prepared to design and perform tests of details of the ending inventory balance. Analytical procedures are as important in auditing and warehousing as in any other cycle