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The accuracy, valuation and allocation assertion of inventory is of key interest to the auditor because: Question 18 options: 1) the valuation of inventory is

The accuracy, valuation and allocation assertion of inventory is of key interest to the auditor because:

Question 18 options:

1)

the valuation of inventory is usually complex.

2)

inventory is more likely to be understated than overstated.

3)

it is difficult to obtain evidence for this assertion.

4)

All of the above.

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