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An auditor performing analytical audit procedures for a retailer discovers an increase in inventory turnover of 20%. But net sales have not grown over

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An auditor performing analytical audit procedures for a retailer discovers an increase in inventory turnover of 20%. But net sales have not grown over the same period. The result of the procedure most likely indicates that O Inventory is being stolen. The inventory balance is falsely inflated by management. The cost of inventory is decreasing. Fictitious sales are reported on the income statement.

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