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    Auditing and Assurance Services Study Set 2
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    Exam 21: Audit of the Inventory and Warehousing Cycle
  5. Question
    Inherent Risk Is Typically Assessed at a Low Level for Inventory
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Inherent Risk Is Typically Assessed at a Low Level for Inventory

Question 46

Question 46

True/False

Inherent risk is typically assessed at a low level for inventory due to the nature of the asset.

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