Why does an inventory of Rolex watches have a high inherent risk, and why does the auditor

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Why does an inventory of Rolex watches have a high inherent risk, and why does the auditor expect management to have strong controls over this inventory?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jan 09, 2015 09:34 AM

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Why does an inventory of Rolex watches have a high inherent risk, and why does the auditor

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The inherent risk is high for the watches because these items are easy to pick up and ...View the full answer

Auditing An International Approach

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