From the Auditor's Point of View, Inventory Counts Are More

question 2

Multiple Choice

From the auditor's point of view, inventory counts are more acceptable prior to the year-end when:

• A)accurate perpetual inventory records are maintained.
• B)control risk is high.
• C)significant amounts of inventory are held on a consignment basis.
• D)inventory turnover has decreased from the prior year.

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Definitions:

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