Question: Question 1 a . Even though the auditors are unable to obtain evidence regarding the fairness of beginning inventories, they may still issue an unmodified

Question

1

.

Even though the auditors are unable to obtain evidence regarding the fairness of beginning inventories, they may still issue an unmodified opinion on the client

____________________.

.

As a general rule, inventories are carried at the lower of

__________________.

.

The details of the auditors

____________________

made during the observation of the physical inventory should be recorded in their working papers to later check the accuracy of the final inventory listing.

.

Serially numbered

_____________________

should be prepared and sent to vendors when goods are ordered.

.

_________________

rate of inventory turnover suggests the possibility of inventory obsolescence.

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