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For the following accounts match the audit strategy that best matches how most auditors would test this account, assume no reliance on controls: PP&E Inventory

For the following accounts match the audit strategy that best matches how most auditors would test this account, assume no reliance on controls: PP&E Inventory Long Term Debt Common Stock (Owner's Equity) Cash Accounts Receivable Audit the Balance Approach- [Auditing a sample of the balance at Year-end or interim.] A. B. Audit the changes in the Account Approach- [EX: Agree opening balance to PY work papers, audit the changes (Additions/Reductions), and agree the ending balance to the TB/FS.] Question 31 of 49 >>>image text in transcribed

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