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Which of the following audit procedures is the best test with regards to inventory where the risk of material misstatement is high due to fraud?
Which of the following audit procedures is the best test with regards to inventory where the risk of material misstatement is high due to fraud?
A Request inventory count at a balance date.
B Vouch sales invoice back to inventory.
C Visit location on surprise basis to observe test counts.
D Perform analytical procedures.
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