The audit program for inventories should be the same as the audit program for account receivables.

Name: The audit program for inventories should be the same as the audit program for account receivables.
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Quizplus · Accepted Answer

The audit program for inventory and accounts receivable should be different. Inventory auditing requires physical verification of goods, while account receivables involve tracking payments and verifying outstanding balances. Thus, their respective audit programs will vary accordingly.

The Audit Program for Inventories Should Be the Same as the Audit