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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Inventory count
Hello
If an inventory count of spares (for e.g.) is taking place over a 3 day period, does the auditor have to be present on each of those days? Please provide a reason for the answer.
It depends on materiality, what teams are being used, how well the counts are organised, invovement of internal audit etc.
ok, thanks.
how exactly is the sample size arrived for the count?
It varies form audit firm to audit firm In an exam, suggest 30.
ok, thanks