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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Related Book For
Auditing Concepts For A Changing Environment
ISBN: 9781284249286
5th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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