The best means of verification of cash, inventory, office equipment, and nearly all other assets is a
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"The best means of verification of cash, inventory, office equipment, and nearly all other assets is a physical count of the units; only a physical count gives the auditors complete assurance as to the accuracy of the amounts listed on the balance sheet." Evaluate this statement?
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The statement is incorrect as establishing the physical existence of asset...View the full answer
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0077729141
20th edition
Authors: Ray Whittington, Kurt Pany
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