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    Auditing Assurance Services Study Set 1
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    Exam 15: Audit of Transaction Cycles and Financial Statement Balances I
  5. Question
    Inherent Risk Is Often Assessed as Relatively High for Inventory
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Inherent Risk Is Often Assessed as Relatively High for Inventory

Question 96

Question 96

Multiple Choice

Inherent risk is often assessed as relatively high for inventory, because of the characteristic/s:


A) potential for obsolescence.
B) multiple storage locations.
C) complex pricing.
D) all of the above

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