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Which of the following is NOT an appropriate substantive procedure on inventory for respective management assertion? O 1. Valuation and allocation - Perform 'lower
Which of the following is NOT an appropriate substantive procedure on inventory for respective management assertion? O 1. Valuation and allocation - Perform 'lower of cost or NRV" tests. O 2. Completeness - Observe client's physical count. 3. Existence - Observe client's physical count. O 4. Rights and obligations - Examine if the pricing method has been applied consistently.
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
