Which of the following is an internal control weakness for a company whose inventory of supplies consists
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a. Supplies of relatively little value are expensed when purchased.
b. The cycle basis is used for physical inventory counts.
c. The warehouse manager is responsible for maintenance of perpetual inventory records.
d. Perpetual inventory records are maintained only for items of significant value.
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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