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Hi Sir,
i am doing Lemon Quartz Co,
Question says Identify and explain 5 deficiencies, Recommendation and TOC
1.The bay has been rented out to third party with similar operation which could result into double counting and Overvaluation of inventory
Recommendation- the third party inventory should be placed seprately so that the inventory should nit be mixed uo and to avoid double counting and over-valuation
TOC- Physically inspect whether the inventory is placed in seprate area and Inspect the inventory sheets that no third party is inventory is mentioned on the inventory count sheets.Is this right? Will i get marks on this?
Also, TOC is EIOU, Right?Please say where the question can be found. Your response looks ok.
ToC = EIOU
BPP revision kit, page 54, Question 114-Lemon
Will i be given full mark? English is not my first language but the way i write my answer – Can there be a problem?So the only difference in TOC and ST is Analytical procedure and Test of detail, Right?
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