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  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 13: Auditing the Inventory Management Process
  5. Question
    The Audit of Inventory Is Often the Most Involved Aspect
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The Audit of Inventory Is Often the Most Involved Aspect

Question 9

Question 9

Essay

The audit of inventory is often the most involved aspect of an audit. Describe at least three inherent risk factors that affect the audit of inventory.

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One inherent risk concerns the valuation...

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