2. An accounts receivable turnover analysis is useful to the auditor because it may detect A) inadequacies in inventory pricing. B) inadequacies in bad debt provision. C) average credit period an audit client enjoys before paying its suppliers. D) the existence of obsolete merchandise. 3. Which of the following control procedures most likely would be used to maintain accurate inventory records in terms of inventory quantity and description? A) Perpetual inventory records are periodically compared with the market value for individual inventory items. B) Requisition form, receiving reports, and purchase orders are matched independently before a payment is approved. C) A just-in-time inventory system to keep inventory to the minimum. D) Periodic inventory counts are used to adjust the perpetual inventory records. Which of the following documents is usually issued by the purchasing department? A) Invoice. B) Purchase requisition form. C) Purchase order. D) Receiving report