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Title: Inventory is often a significant part of a company's current assets. Because of its importance, Post by: remmylp on Aug 1, 2022 Inventory is often a significant part of a company's current assets. Because of its importance,
▸ auditors are required by auditing standards to observe the client taking a physical inventory count. ▸ price tests must be performed to verify whether the physical counts were correctly summarized. ▸ companies are required to use perpetual inventory systems. ▸ auditors are required by auditing standards to take the physical inventory for the client. Title: Inventory is often a significant part of a company's current assets. Because of its importance, Post by: ixi12 on Aug 1, 2022 Content hidden
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