Why inventory is often most difficult part of many audits
Response to the following questions:
1. Give the reasons why inventory is often the most difficult and time consuming part of many audits.
2. State what is meant by cost accounting records and explain their importance in the conduct of an audit.
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What are the most important tests of the perpetual records that the auditor must make before reducing assessed control risk?
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Give the reasons why inventory is often the most difficult and time consuming part of many audits.
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