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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 42
Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items?
A) Supplies of relatively little value are expensed when purchased.
B) The cycle basis is used for physical inventory counts.
C) The warehouse manager is responsible for maintenance of perpetual inventory records.
D) Perpetual inventory records are maintained only for items of significant value.
A) Supplies of relatively little value are expensed when purchased.
B) The cycle basis is used for physical inventory counts.
C) The warehouse manager is responsible for maintenance of perpetual inventory records.
D) Perpetual inventory records are maintained only for items of significant value.
Explanation
Verified
Verified
Therefore,...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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