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When part of the client's inventory is in a public warehouse or in the possession of other outside custodians, the auditor does not need to observe a physical count of the inventory if a written confirmation is obtained directly from the inventory custodians.
Q16: If, during the completion phase of the
Q16: In auditing depreciation expense, one of the
Q30: For compilations, an accountant does which of
Q34: Although the letter of representation is typed
Q35: Review reports are normally dated as of
Q92: Improperly classifying a fixed asset by recording
Q105: Contingent liability disclosure in the footnotes of
Q125: The starting point for the verification of
Q127: When an audit client uses a service
Q131: When preparing a standard inquiry to the