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In auditing a clients inventory, the auditors must be concerned with the detection of goods that are both damaged and obsolete. Why are the auditors

  1. In auditing a clients inventory, the auditors must be concerned with the detection of goods that are both damaged and obsolete.

  1. Why are the auditors concerned with detecting damaged and obsolete goods?
  2. How do the auditors test for obsolete goods in the clients inventory?

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