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Which of the following situations most likely represents the highest risk of a misstatement arising from misappropriations of assets? A large number of bearer
Which of the following situations most likely represents the highest risk of a misstatement arising from misappropriations of assets? A large number of bearer bonds on hand. A large number of inventory items with low sales prices. A large number of transactions processed in a short period of time. A large number of fixed assets with easily identifiable serial numbers.
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
