The auditor is always concerned that slow-moving or potentially obsolete inventory is included in inventory, and that

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The auditor is always concerned that slow-moving or potentially obsolete inventory is included in inventory, and that the goods should be reduced to a lower market value. Identify five procedures the auditor might use to determine the existence of obsolete goods or goods whose market value is less than cost.

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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