Audit planning requires that the auditor consider possible i…

Audit planning requires that the auditor consider possible inventory errors or frauds that might occur that could affect the financial statements. For each of the types of inventory errors listed in the following table, indicate what would be the possible effect in the inventory and cost of sales accounts: overstated (O), understated (U), or no effect (NE).   Type O for overstated, U for understated, or NE for no effect. If you type anything other than O, E, or NE your answer will be marked as incorrect. Inventory Error Effect on Inventory Effect on Cost of Sale Unrecorded receipt of inventory December sales recorded in January December purchase recorded in January Inventory omitted during physical count Consigned out inventory omitted during physical count Unrecorded shipment of inventory

This type of device has a minimum of 7 channels (eg, EEG, EO…

This type of device has a minimum of 7 channels (eg, EEG, EOG, EMG, ECG-heart rate, airflow, respiratory effort, oxygen saturation) and monitors sleep staging so the apnea-plus-hypopnea index (AHI) can be calculated. Sleep time is included with this type of OCST. Name that OCST.