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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    If the Client Counts Inventory at Year End, It Is
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If the Client Counts Inventory at Year End, It Is

Question 94

Question 94

True/False

If the client counts inventory at year end, it is essential that cutoff tests be coordinated with the physical observation of inventory.

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