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Which of the following situations would reduce inherent risk in relation to purchases? A . Hedging foreign currency exposure for purchases B . No material
Which of the following situations would reduce inherent risk in relation to purchases?
A Hedging foreign currency exposure for purchases
B No material errors were discovered last year in the audit of the purchases cycle
C Conversion of the purchases accounting system to the latest version of the accounting
package
D The entity has very good controls over its purchases of raw materials
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