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The Auditor May Spend More Time Testing the Existence Assertion

Question 59

Multiple Choice

The auditor may spend more time testing the existence assertion of recorded inventory in all of the following EXCEPT _______.


A) office supply stores
B) jewelry stores
C) the Apple store that sell iPhones and iPads
D) exclusive sunglass stores (e.g., selling Oakley and Ray Ban sunglasses)

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