When testing standard costing used by companies as the basis for inventory costing, the auditor attempts to

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When testing standard costing used by companies as the basis for inventory costing, the auditor attempts to ensure the costs are (Several choices may be correct.)

a reflection of the ideal costs management desires.

reviewed regularly by management.

revised to reflect current conditions.

reviewed by external legal counsel.

realistically attainable.

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Accounting Tools for business decision making

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Posted Date: Jun 21, 2022 05:40 AM

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When testing standard costing used by companies as the basis for inventory costing, the auditor attempts to

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C revised to reflect current conditions Any adjustment to inventory causes changes in the reported i... View the full answer

Accounting Tools for business decision making

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