The auditor, in recommending controls, should always consider the cost of the control in relation to the
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The auditor, in recommending controls, should always consider the cost of the control in relation to the risk. Which of the following controls best reflects this philosophy with respect to a large dollar investment in heavy machine tools?
a. A monthly physical inventory.
b. Security guards on duty 24 hours a day.
c. A controlled identification number on each tool.
d. All dispositions approved by the vice president of sales.
e. None of the above.
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