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audit software- inventory system

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › audit software- inventory system

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • July 26, 2021 at 1:32 am #629415
    Noah098
    Member
    • Topics: 935
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    maam can we say that audit software can be used to recalculate inventory for goods received but not yet invoiced?

    July 26, 2021 at 8:16 am #629448
    Kim Smith
    Keymaster
    • Topics: 133
    • Replies: 8300
    • ☆☆☆☆☆

    Audit software can only be used to recalculate something through interrogation of data in computer files – here you’re talking about the accrual for “Goods received not invoiced”? If that is calculated by the client’s computer system (e.g. it can “cost” quantities of goods received not yet matched to an invoice) – yes, audit software can (in theory) do that too. But if the GRNI accrual is a “manual” schedule – no it can’t (!)

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