Browse through the PCAOB
Auditing Standards for auditing inventory (AS 2510). You will notice that
the standards do not explicitly describe how the audit procedure should change
when the client uses technology-based tools to count inventory or how the
auditor may use technology when auditing inventory. Nevertheless, the audit procedures
should still meet the requirements of the auditing standards. Assuming you are
the auditor for this farm that uses CountThings for the inventory count, a)
describe how the audit procedure should change from the traditional audit
procedures described in Appendix Exhibit 9B.1 of our textbook (Louwers et al.)
