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Title: A common inventory observation procedure is to select a random sample of tag numbers and identify ... Post by: meghan.binge on Aug 1, 2022 A common inventory observation procedure is to select a random sample of tag numbers and identify the tag with that number attached to the actual inventory item. The audit objective being achieved by this procedure is
▸ inventory as recorded on tags actually exists (existence). ▸ existing inventory is counted and tagged (completeness). ▸ inventory is counted accurately (accuracy). ▸ inventory is classified correctly (classification). Title: A common inventory observation procedure is to select a random sample of tag numbers and identify ... Post by: allegri87 on Aug 1, 2022 Content hidden
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