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eFishie eFishie
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6 years ago
A public accountant observes his client's physical inventory count on December 31. There are eight inventory-taking teams, and a tag system is used. The public accountant's observation normally may be expected to result in detection of which of the following inventory errors?
A) The inventory takers forgot to count all the items in one room of the warehouse.
B) An error is made in the count of one inventory item.
C) Some of the items included in the inventory had been received on consignment.
D) The inventory omits items on consignment to wholesalers.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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inthe80sinthe80s
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6 years ago
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eFishie Author
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6 years ago
Thank you, thank you, thank you!
kamikazekota
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Yesterday
You make an excellent tutor!
mcraver1
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2 hours ago
Brilliant ツ
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