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Which of the following is not a procedure an auditor would perform in response to high risks of material misstatement regarding the Existence of inventory?
Which of the following is not a procedure an auditor would perform in response to high risks of material misstatement regarding the Existence of inventory?
| Observe the client's physical inventory count. |
| Test whether the client consistently ran background checks on all employees who handle inventory.
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| Select items from the client's inventory listing to physically inspect in the warehouse. |
| Ask client sales personnel for a list of inventory items that are no longer selling. |
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