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melisooflyy melisooflyy
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A year ago
Which of the following statements is correct regarding the auditor's responsibility with respect to the year-end inventory procedures of an audit client?

▸
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
YesNoNo


▸
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
NoNoYes


▸
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
YesNoYes


▸
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
NoYesNo
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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heathernhullheathernhull
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A year ago
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melisooflyy Author
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This site is awesome
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Helped a lot
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