An auditor would vouch inventory on the inventory status report to the vendors invoice to obtain evidence

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An auditor would vouch inventory on the inventory status report to the vendor’s invoice to obtain evidence concerning management’s balance assertions about
a. Existence.
b. Rights and obligations.
c. Completeness.
d. Valuation.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:45 AM

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An auditor would vouch inventory on the inventory status report to the vendors invoice to obtain evidence

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a Incorrect See answer d b Incorrect See answer d c Incor...View the full answer

Auditing and Assurance Services

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