You have been assigned to perform a review of a client's inventory containing electric motors, parts for
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a. What inquiries and analytical procedures should you perform?
b. What will you do if these procedures do not support the client's inventory values or disclosures?
c. How would your level of professional skepticism differ depending on whether you are performing a review versus an audit engagement?
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a Review procedures would include Inquiry concerning Procedures used to take the latest physical inv...View the full answer
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Related Book For 
Auditing A Business Risk Approach
ISBN: 978-0538476232
8th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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