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1). External auditors feel relax where have an internal audit system in force-Explain. 2). Explain the purpose of choosing a method for inventory valuation 3).

1). External auditors feel relax where have an internal audit system in force-Explain. 

2). Explain the purpose of choosing a method for inventory valuation 

3). what is restricted cash? How to report non-cash activities in the financial Statement? 

4). What are the five steps of revenue recognition? Explain with example

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1 An external auditor s reliance judgement has major economic impacts and implications for the reliability and efficacy of the overall audit The PCAOB promoted greater dependency on audit performance ... blur-text-image

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