Question: 4. When a client maintains a perpetual inventory system and inventory is counted on a statistica sampling basis throughout the financial year, the auditor must

4. When a client maintains a perpetual inventory system and inventory is counted on a statistica sampling basis throughout the financial year, the auditor must a. perform limited test count. b. be present at some of the inventory counts. c. understand the client's sampling plan and evaluate its appropriateness. d. conduct a, b, and c above

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