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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 20: Audit of the Payroll and Personnel Cycle
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    When Labor Is a Material Part of Inventory Valuation, Auditors
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When Labor Is a Material Part of Inventory Valuation, Auditors

Question 41

Question 41

True/False

When labor is a material part of inventory valuation, auditors should emphasize testing internal controls over proper classification of payroll transactions.

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