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  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 14: Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment
  5. Question
    If a Periodic Physical Inventory of Property, Plant, and Equipment
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If a Periodic Physical Inventory of Property, Plant, and Equipment

Question 68

Question 68

True/False

If a periodic physical inventory of property, plant, and equipment is taken, the individual responsible for the inventory should be independent of the custodial and record-keeping functions.

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