Work in progress
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2011
I have read in theory of audit that,
while auditing Work in Progress, the Auditor may advise his client that where possible the Work in Progress should be reduced the minimum before the closing date of financial year.
why, is its so ??
while auditing Work in Progress, the Auditor may advise his client that where possible the Work in Progress should be reduced the minimum before the closing date of financial year.
why, is its so ??
23 September 2011
It is very difficult to value the work in process or work in progress. This is the reason it is required to be kept at the minimum
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