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For each of the following potential misstatements for inventories, identify a necessary control a) Failure to record goods received b) Unreliable count procedures during a
For each of the following potential misstatements for inventories, identify a necessary control
a) Failure to record goods received
b) Unreliable count procedures during a physical inventory count
c) Inappropriate basis for determining inventory costs
d) Unauthorized removal of goods from inventory
e) Insufficient extent of comparison between physical inventory count and inventory records
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