Which of the following auditing procedures most likely would provide assurance about a manufacturing entity's inventory valuation?

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a. Testing the entity's computation of standard overhead rates.

b. Obtaining confirmation of inventories pledged under loan agreements.

c. Reviewing shipping and receiving cutoff procedures for inventories.

d. Tracing test counts to the entity's inventory listing.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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Which of the following auditing procedures most likely would provide assurance about a manufacturing entity's inventory valuation?

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Auditing An Assertions Approach

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