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In Auditing a Client's Inventory,the Auditors Must Be Concerned with the Detection

Question 64

Essay

In auditing a client's inventory,the auditors must be concerned with the detection of goods that are both damaged and obsolete.
a.Why are the auditors concerned with detecting damaged and obsolete goods?
b.How do the auditors test for damaged goods in the client's inventory?
c.How do the auditors test for obsolete goods in the client's inventory?

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a.Auditors are concerned about detecting...

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