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Your client sells a high-technology product which is subject to frequent technological improvements and design changes in order to keep current with the market.Based on this information, for the inventory account, the assertion upon which you should concentrate your audit procedures is:
Longitudinal Research
A research design that involves repeated observations of the same variables over short or long periods of time to track changes and developments.
Cross-Sectional
A research design that examines data from a population, or a representative subset, at one specific point in time.
Mixed Design
A research design that combines elements of both within-subjects (measuring the same subjects across different conditions) and between-subjects designs (comparing different groups of subjects).
Longitudinal Research
A research design in which the same subjects are observed for an extended period of time to detect any changes that may occur.
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