Which of the following internal control activities is most likely to address the completeness assertion for inventory?
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Which of the following internal control activities is most likely to address the completeness assertion for inventory?
a. The work-in-process account is periodically reconciled with subsidiary records.
b. Employees responsible for custody of finished goods do not perform the receiving function. P-963
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Authors: William Messier, Steven Glover, Douglas Prawitt
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