The auditor's analytical procedures are facilitated if the client: a. Uses a standard cost system that produces

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The auditor's analytical procedures are facilitated if the client:
a. Uses a standard cost system that produces variance reports.
b. Segregates obsolete inventory before the physical inventory count.
c. Corrects reportable conditions in internal control before the beginning of the audit.
d. Reduces inventory balances to the lower of cost or market.

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Auditing Concepts For A Changing Environment

ISBN: 9781284249286

5th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

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