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URGENT In performing substantive test on whether the client complies with lower costs or market principle, the auditor should conduct which of the following? A.
URGENT
In performing substantive test on whether the client complies with lower costs or market principle, the auditor should conduct which of the following?
A. calculate the mathematical accuracy of the client's inventory report
B. Observe the client employees taking physical inventory count at the year end;
C. ask whether client changes the inventory accounting method from the prior to current year
D. trace unit prices of inventory items selected from the inventory report to recent vendor invoices
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