Which of the following procedures best addresses the adequacy of presentation and disclosure for inventory of a

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Which of the following procedures best addresses the adequacy of presentation and disclosure for inventory of a nonissuer?

A. Obtaining confirmation of inventories that are pledged under loan agreements.

B. Observing the company's physical inventory-taking procedures.

C. Tracing the test counts during the physical inventory to the final inventory listing.

D. Examining the inventory turnover ratio and determining whether it is in line with similar companies in the industry.

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Feb 09, 2023 01:58 AM

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Which of the following procedures best addresses the adequacy of presentation and disclosure for inventory of a

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Principles of Auditing and Other Assurance Services

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