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Basille CPA firm is currently working on the audit of Jetta Enterprises and is preparing to begin the audit of the client's inventory accounts. Jetta
Basille CPA firm is currently working on the audit of Jetta Enterprises and is preparing to begin the audit of the client's inventory accounts. Jetta Enterprises is a provider of modems and wireless routers in both the individual and commercial markets. Which of the ollowing may be true of a client in this industry? The external auditors may wish to consider hiring a specialist to audit the existence assertion of inventory. This is due to the specialized nature of the client's industry. The external auditors may wish to consider auditing the population of inventory accounts due to the increased inherent risk associated with the client's specialized nature. The external auditors may wish to consider product and inventory obsolescence as part of the auditing of the valuation assertion associated with inventory. None of these answer choices are correct
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