Question
Risk of material misstatement is low for which of the following types of inventory? A) When industry competition is high B)When technological obsolescence is high
Risk of material misstatement is low for which of the following types of inventory?
A) When industry competition is high
B)When technological obsolescence is high C)When the firm has changed from LIFO to FIFO without any good rationale D)When the inventory has low value
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A Guide To Effective Internal Management System Audits Implementing Internal Audits As A Risk Management Tool
Authors: IT Governance Publishing
1st Edition
1849285594, 978-1849285599
