Abstract:

Starting from the complexity of the inventory auditing activity and from the importance of the auditor within this activity, in a first section, the typology of the audit evidence used by the auditor with the purpose of expressing an opinion regarding the fact that the inventories contain or not significant denaturation in the financial statements was presented. In the second section, the results of the audit activity were presented within a mission regarding the auditing of these categories of inventories, as included in the description and explanation of the types of errors/ denaturation identified, as well as the impact of the risks associated to these types of errors, in presenting the financial information regarding inventories.