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An auditor often tries to acquire background knowledge of the

An auditor often tries to acquire background knowledge of the

An auditor often tries to acquire background knowledge of the client's industry as an aid to audit work. How does the acquisition of this knowledge aid the auditor in distinguishing between obsolete and current inventory?

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An auditor acquires background knowledge of the client’s industry as an aid

An auditor acquires background knowledge of the client’s industry as an aid to his or her audit work. How does the acquisition of this knowledge aid the auditor in distinguishing between obsolete and current inventory?

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