If, During the Completion Phase of the Audit, the Auditor

question 16

True/False

If, during the completion phase of the audit, the auditor determines that he or she has not obtained sufficient evidence to draw a conclusion about the fairness of the client's financial statements, there are two choices: accumulate additional evidence or issue either a qualified or an adverse opinion.

Identify and calculate the ending balance in the Raw Materials inventory account.

Calculate the cost of goods manufactured for the year.

Determine the ending balance in the Work in Process inventory account.

Calculate the unit product cost for a completed job.