In a manufacturing company, which one of the following audit procedures would give the least assurance of
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In a manufacturing company, which one of the following audit procedures would give the least assurance of the valuation assertion for inventory at the audit date?
a. Testing the computations of standard overhead rates.
b. Examining paid vendors’ invoices.
c. Obtaining independent confirmation of inventories held by others.
d. Reviewing direct labor rates.
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Related Book For 
Auditing Integrated Concepts And Procedures
ISBN: 9781260299397
5th Edition
Authors: Donald H. Taylor, G. William Glezen
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