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The auditor s objective was to verify that all inventory was reflected in the ending inventory balance. Which of the following would provide the most
The auditors objective was to verify that all inventory was reflected in the ending inventory balance. Which of the following would provide the most reliable evidence in support of this assertion and account?
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Recalculation of the extensions and sums in the final inventory listing
Confirmation of consignment inventory with consignees
Analytical procedures comparing last years balance to the current year
Scanning the final inventory listing for unusual items or balances
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