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8. You tested controls around inventory. You noticed that most of them failed. Which of the following can you conclude? a. There is a material

8.

You tested controls around inventory. You noticed that most of them failed. Which of the following can you conclude?

a.

There is a material misstatement in inventory

b.

There is an immaterial misstatement in inventory

c.

There is a misstatement in inventory, but you cannot determine whether it is material or not

d.

None of the above

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