๐๐ก๐ฒ ๐๐จ ๐ฐ๐, ๐๐ฎ๐๐ข๐ญ๐จ๐ซ, ๐ง๐๐๐ ๐ญ๐จ ๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ ๐ฉ๐ก๐ฒ๐ฌ๐ข๐๐๐ฅ ๐ฌ๐ญ๐จ๐๐ค ๐๐จ๐ฎ๐ง๐ญ?
According to ๐๐๐ ๐๐๐ ๐๐ฎ๐๐ข๐ญ ๐๐ฏ๐ข๐๐๐ง๐๐ - ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐๐ฅ๐๐๐ญ๐๐ ๐๐ญ๐๐ฆ๐ฌ states that if inventory is material to the financial statements, t๐ก๐ ๐๐ฎ๐๐ข๐ญ๐จ๐ซ ๐ฌ๐ก๐๐ฅ๐ฅ ๐๐ญ๐ญ๐๐ง๐ ๐ญ๐ก๐ ๐ฉ๐ก๐ฒ๐ฌ๐ข๐๐๐ฅ ๐ข๐ง๐ฏ๐๐ง๐ญ๐จ๐ซ๐ฒ ๐๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ ๐ญ๐จ ๐จ๐๐ญ๐๐ข๐ง ๐ฌ๐ฎ๐๐๐ข๐๐ข๐๐ง๐ญ ๐๐ฉ๐ฉ๐ซ๐จ๐ฉ๐ซ๐ข๐๐ญ๐ ๐๐ฎ๐๐ข๐ญ ๐๐ฏ๐ข๐๐๐ง๐๐ ๐ซ๐๐ ๐๐ซ๐๐ข๐ง๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ฑ๐ข๐ฌ๐ญ๐๐ง๐๐ ๐๐ง๐ ๐๐จ๐ง๐๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ข๐ง๐ฏ๐๐ง๐ญ๐จ๐ซ๐ฒ, unless impracticable.
If physical inventory counting attendance is impracticable, auditor shall perform ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐ฎ๐๐ข๐ญ ๐ฉ๐ซ๐จ๐๐๐๐ฎ๐ซ๐๐ฌ to obtain sufficient appropriate audit evidence regarding to the existence and condition of the inventory. When alternative audit procedures are not possible and applicable, then ๐ญ๐ก๐ ๐๐ฎ๐๐ข๐ญ๐จ๐ซ ๐ฌ๐ก๐๐ฅ๐ฅ ๐ฆ๐จ๐๐ข๐๐ฒ ๐ญ๐ก๐ ๐จ๐ฉ๐ข๐ง๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐๐ข๐ญ๐จ๐ซโ๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง ๐๐๐๐จ๐ซ๐๐๐ง๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ ๐๐๐.
If the auditors are unable to attend the physical stock count on the date of the financial statement for practical reasons, inventory count may be performed on ๐๐ง ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐ ๐๐๐ญ๐, and perform audit procedures on intervening transactions.
If inventory under the custody and control of a third party is material to the financial statements, the auditor shall request confirmation from the third party as to the quantities and condition of inventory held on behalf of the entity or perform inspection or other appropriate audit procedures.
Where a perpetual inventory system is maintained, management may perform physical counts or other tests to ascertain the reliability of inventory quantity information included in the entityโs perpetual inventory records. When differences between the perpetual inventory records and actual physical inventory quantities on hand are identified, the considerations when designing audit procedures are whether the perpetual record are properly adjusted by the management, reliability of the system or reasons of the significant differences.
๐๐๐๐๐๐
๐๐๐ ๐๐๐ ๐๐ฎ๐๐ข๐ญ ๐๐ฏ๐ข๐๐๐ง๐๐ โ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐๐ฅ๐๐๐ญ๐๐ ๐๐ญ๐๐ฆ๐ฌ
http://www.ifac.org/โฆ/โฆ/a023-2010-iaasb-handbook-isa-501.pdf
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