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yandy yandy
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A year ago
It is frequently possible to test the physical inventory prior to the balance sheet date when

▸ the perpetual inventory records are accurate and related controls operate effectively.

▸ year-end sales are small.

▸ the internal control system is no better at year-end than at an earlier point in time.

▸ the client counts inventory at interim dates.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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kitty123kitty123
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A year ago
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yandy Author
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A year ago
Brilliant
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Good timing, thanks!
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