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The textbook tells us that, during an inventory audit, the extent & timing of tests related to ending inventory can be reduced or altered, if
The textbook tells us that, during an inventory audit, the extent & timing of tests related to ending inventory can be reduced or altered, if the client has an accurate/well-controlled perpetual (inventory) system. Please explain to me why the timing of tests related to ending inventory can be altered, if the client has an accurate/well-controlled perpetual inventory system
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