Apollo Shoes Design 3

Apollo Shoes Design Part III

Tonya Harris

ACC 546

June 11, 2014

Rashida Heard

Apollo Shoes Design Part III

Inventory and Warehouse Cycle

|Transaction Related Audit |Existing Controls |Test of Controls |Substantive Tests of |

|Objective | | |Transactions |

|Inventory recorded as tagged|Teams of two count inventory|Observe Inventory Counting |Select a random sample of |

| | |process |inventory to test counting |

| | | |accuracy |

| |Inventory procedures states |Observe if movement of | |

| |no movement of inventory |inventory takes place during| |

| |during counting period |count | |

|Existing inventory is |Inventory Manager reviews |Examine inventory to make |Review samples of inventory |

|counted and tagged, |count sheets, signs off on |sure all inventory was |to validate items were |

|completeness |them |tagged |tagged |

| | |Inquire on inventory in |Ask staff about any items |

| | |other locations |not counted and validate |

| | | |these items are or are not |

| | | |on the books |

|Inventory accounted for |Manager signs off on count |Recount...