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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 59
The purpose of tracing a sample of inventory tags to a client's computerized listing of inventory items is to determine whether the inventory items
A) Represented by tags were included on the listing.
B) Included on the listing were properly counted.
C) Represented by tags were reduced to the lower of cost or market.
D) Included in the listing were properly valued.
A) Represented by tags were included on the listing.
B) Included on the listing were properly counted.
C) Represented by tags were reduced to the lower of cost or market.
D) Included in the listing were properly valued.
Explanation
Verified
Verified
Option b is right. The main objective is...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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