Which of the following control activities would be most likely to as- sist in reducing the control

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Which of the following control activities would be most likely to as- sist in reducing the control risk related to the occurrence of inventory transactions?

a. Inventory manager does not have ability to record inventory transactions.

b. Summary of the receiving reports is independently compared to the inventory status report.

c. Inventory is periodically reviewed for slow-moving or obsolete items, which may require a write-down.

d. Subsidiary ledgers are periodically reconciled with inventory control accounts.

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Auditing And Assurance Services

ISBN: 9780073527086

7th Edition

Authors: William MessierSteven Glover

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Question Posted: May 07, 2024 07:00 AM

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Which of the following control activities would be most likely to as- sist in reducing the control

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