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An Auditor Must Inquire About Consigned or Customer Inventory Included

question 9

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An auditor must inquire about consigned or customer inventory included on the client's premises to satisfy the balance-related audit objective of


Definitions:

Operating Systems

The software that manages all the hardware and software resources on a computer, providing a base for application programs and acting as an intermediary between the user and the computer hardware.

File

A collection of data or information that has a name, called a filename, and is stored on a computer or digital device.

Utility

Software designed to help manage, maintain, and control computer resources, such as system tools for optimizing performance.

Folder

A digital location for storing files on a computer or other electronic device.

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