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The following are typical questions that might appear on an internal control questionare for invertory. 1. Are written procedures prepared by the dient for the
The following are typical questions that might appear on an internal control questionare for invertory. 1. Are written procedures prepared by the dient for the taking of the physical Inventory? 2. Do the clients inventory:taking procedures include a requirement to identity damaged inventory items 3. Does the client maintain perpetual inventory records? Required. Describe the purpose of each of the above internal control procedures.
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