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The audit of inventory is often the most involved aspect of an audit. Describe at least three inherent risk factors that affect the audit of inventory.
Supply Chain
A network involving different sectors, teams, executions, data, and logistical support focusing on the passage of a product or service from the origin to the end-user.
Net Value
The actual worth of an asset, business, or investment after deducting all liabilities, obligations, or costs.
Enterprise Stages
The various phases or periods of growth and development that a business or organization goes through, from start-up to maturity.
Customer Request
A specific demand or requirement stated by a customer regarding the purchase or customization of a product or service.
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