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Inherent risk factors that affect the audit of inventory would include: a. Difficulty in auditing and valuing inventory b. Possible related-party transactions for the acquisition
Inherent risk factors that affect the audit of inventory would include:
a. | Difficulty in auditing and valuing inventory | |
b. | Possible related-party transactions for the acquisition of raw materials | |
c. | Susceptibility of the products sold by the entity to theft | |
d. | All of the above |
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