Question
An internal auditor uses ACL to perform a lower-of-cost or net-realizable-value analysis on inventory to detect items that have a market value less than their
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An internal auditor uses ACL to perform a lower-of-cost or net-realizable-value analysis on inventory to detect items that have a market value less than their cost. What management assertion related to the inventory account is the auditor testing?
Existence
Occurrence
Completeness
Valuation
An internal auditor uses ACL to perform a lower-of-cost or net-realizable-value analysis on inventory to detect items that have a market value less than their cost. What management assertion related to the inventory account is the auditor testing?
| Existence | ||
| Occurrence | ||
| Completeness | ||
| Valuation |
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Computer Architecture Fundamentals And Principles Of Computer Design
Authors: Joseph D. Dumas II
2nd Edition
1032097337, 978-1032097336
