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Author Question: Cutoff information for inventory acquisitions should be obtained during (Read 51 times)

redpassion

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on: Aug 21, 2022

Question 1

By tracing receiving reports issued at and before year-end to vendors' invoices and making sure they are included in accounts payable, the auditor is testing for
◦ theft of merchandise by employees.
◦ unrecorded obligations.
◦ lapping.
◦ kiting.

Question 2

Cutoff information for inventory acquisitions should be obtained during
◦ the interim period prior to year-end.
◦ the interim period immediately following year-end.
◦ the physical observation of inventory.
◦ either the interim period prior to or immediately following year-end.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by redpassion on Aug 21, 2022

Burly

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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redpassion

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

mammy1697

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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