The purpose of tracing a sample of inventory tags to a clients computerized listing of inventory items
Question:
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.
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a C orrect Tracing tags to the inventory listing provides evidence that the items co...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
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