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Author Question: Which of the following is an accurate statement regarding perpetual inventory master files? (Read 89 times)

madimontg

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on: Aug 21, 2022

Question 1

Which of the following is a significant audit concern related to the transfer of inventory from one location to another?
◦ Recorded transfers occurred.
◦ Transfers were properly transported.
◦ Transfers were properly planned.
◦ Transfers represent efficient movement of assets.

Question 2

Which of the following is an accurate statement regarding perpetual inventory master files?
◦ When perpetual inventory master files are accurate, auditors can test the physical inventory after the balance sheet date.
◦ It is a difficult procedure for the auditor to test the accuracy of the perpetual inventory master files.
◦ Auditors test the perpetual records for reductions in finished goods for sale as part of the sales and collection cycle.
◦ All of these are accurate statements.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by madimontg on Aug 21, 2022

kaelamcrone

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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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madimontg

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Reply 2 on: Aug 21, 2022
Excellent

pangili4

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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