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  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 15: Audit of transaction cycles and financial statement balances I
  5. Question
    Verifying Acquisitions as Part of the Tests of the Acquisition
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Verifying Acquisitions as Part of the Tests of the Acquisition

Question 72

Question 72

True/False

Verifying acquisitions as part of the tests of the acquisition and payment cycle provides evidence about the accuracy of raw materials acquired and all manufacturing costs except labour.

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