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Neptunesx101x Neptunesx101x
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A year ago
Which of the following is an accurate statement regarding inventory and risk?

▸ Inventory with a high business risk includes products with potential obsolescence.

▸ Auditors often have a greater concern for misstatements when inventory is stored in one warehouse.

▸ Inherent risk is generally set at low for manufacturing companies.

▸ Performance materiality for inventory is determined before assessing client business risk.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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nancy123nancy123
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A year ago
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