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    Auditing The Art and Science
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    Exam 14: Audit of the Inventory and Distribution Cycle
  5. Question
    An Inventory Observation Procedure That Compares Physical Counts with the Perpetual
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An Inventory Observation Procedure That Compares Physical Counts with the Perpetual

Question 21

Question 21

Multiple Choice

An inventory observation procedure that compares physical counts with the perpetual inventory master file is an attempt to satisfy the audit objective of


A) existence.
B) completeness.
C) accuracy.
D) classification.

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