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Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging task than the verification of most other items

Many auditors consider the substantiation of the figure for inventory to be a more difficult and challenging task than the verification of most other items on the balance sheet. List several specific factors that support this view. Also, explain the significance of the purchase order to adequate internal control over purchase transactions. What segregation of duties would you recommend to attain maximum internal control over purchasing activities in a manufacturing concern?

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