Which of the following is not one of the independent auditors objectives regarding the examination of inventories?

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Which of the following is not one of the independent auditor’s objectives regarding the examination of inventories?

a. Verifying that inventory counted is owned by the client

b. Verifying that the client has used proper inventory pricing

c. Ascertaining the physical quantities of inventory on hand

d. Verifying that all inventory owned by the client is on hand at the time of the count

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Auditing Concepts For A Changing Environment With IDEA Software

ISBN: 9780324180237

4th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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Question Posted: May 08, 2024 03:01 AM

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Which of the following is not one of the independent auditors objectives regarding the examination of inventories?

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The correct answer is d Verifying that all inventory owned ...View the full answer

Auditing Concepts For A Changing Environment With IDEA Software

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