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An auditor has been assigned the Inventory section of an audit. The inventory balance is material. What audit procedure would most likely be selected to

  1. An auditor has been assigned the Inventory section of an audit. The inventory balance is material. What audit procedure would most likely be selected to address the existence assertion over the inventory balances?

    a.

    Inquiry
    b.

    Analytical Procedures
    c.

    Reperformance
    d.

    Physical Examination

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