You are auditing Cheap Wholesalers Ltd (CWL), a company engaged in wholesaling goods. A substantial part of
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Question:
You are auditing Cheap Wholesalers Ltd (CWL), a company engaged in wholesaling goods. A substantial part of CWL's inventory is on consignment to customers in other cities and independent warehouses in other cities.
Question:
Explain the audit procedures that you would apply in your tests of the inventory on consignment and in warehouse.
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