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Inventory Procedures - Review instead of Audit

Would anyone know how inventory procedures would differ in a review as opposed to during an audit?


Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

Define...."review". Inventory procedures would also differ depending on the type of "audit".

My point adapt the procedures depending on the purpose.

Title: CA
Company: OWN
(CA, OWN) |

A review will require to ensure that the fundamental assumptions, processes, and methodologies adopted in the earlier audited period continue to hold good during the period under review. This will give comfort to the reviewer, given the limited scope a review has, in comparison with audit


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