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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 2
From the auditors' point of view, inventory counts are more acceptable prior to the year-end when
A) Internal control is weak.
B) Accurate perpetual inventory records are maintained.
C) Inventory is slow moving.
D) Significant amounts of inventory are held on a consignment basis.
A) Internal control is weak.
B) Accurate perpetual inventory records are maintained.
C) Inventory is slow moving.
D) Significant amounts of inventory are held on a consignment basis.
Explanation
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When inventory is slow- moving or non-mo...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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