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    Auditing and Assurance Services Study Set 1
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    Exam 21: Audit of the Inventory and Warehousing Cycle
  5. Question
    The Major Concerns in Performing Inventory Valuation Tests Are Compliance
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The Major Concerns in Performing Inventory Valuation Tests Are Compliance

Question 59

Question 59

True/False

The major concerns in performing inventory valuation tests are compliance with GAAP and consistency with prior years.

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