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  3. Study Set
    Modern Auditing Assurance
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    Exam 16: Auditing the Production and
  5. Question
    When a Significant Proportion of Inventories Is Stored in a Public
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When a Significant Proportion of Inventories Is Stored in a Public

Question 29

Question 29

True/False

When a significant proportion of inventories is stored in a public warehouse, the auditor may not be satisfied with its existence by merely obtaining a confirmation from the warehouseman.

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