The client changed from FIFO to LIFO inventory valuation in the current year and reflected this change

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The client changed from FIFO to LIFO inventory valuation in the current year and reflected this change in their financial statements. How should this be reflected in the auditor's report?

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Auditing and Assurance services an integrated approach

ISBN: 978-0134065823

16th edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

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Question Posted: Sep 02, 2016 08:52 AM

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The client changed from FIFO to LIFO inventory valuation in the current year and reflected this change

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Even though this change has been reflected in ...View the full answer

Auditing and Assurance services an integrated approach

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