The auditor has always received cooperation from a particularclient and has no reason to question management’s integrity. Thecontroller has requested that the auditor inform her about whichwarehouse locations that the auditor will visit during the upcominginventory count. In addition, the controller has requested copies of theauditor’s observations on the physical inventory because she wants tomake sure that a good inventory was taken. Should the auditor complywith these requests? State your rationale, including a discussion of professional skepticism.
The auditor has always received cooperation from a particularclient and has no reason to question management’s integrity. Thecontroller has requested that the auditor inform her about whichwarehouse locations that the auditor will visit during the upcominginventory count. In addition, the controller has requested copies of theauditor’s observations on the physical inventory because she wants tomake sure that a good inventory was taken. Should the auditor complywith these requests? State your rationale, including a discussion of professional skepticism.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The auditor has always received cooperation from a particular
client and has no reason to question management’s integrity. The
controller has requested that the auditor inform her about which
warehouse locations that the auditor will visit during the upcoming
inventory count. In addition, the controller has requested copies of the
auditor’s observations on the physical inventory because she wants to
make sure that a good inventory was taken. Should the auditor comply
with these requests? State your rationale, including a discussion of professional skepticism.
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