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Author Question: Which of the following is an accurate statement regarding inventory and risk? (Read 32 times)

april 19

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on: Aug 21, 2022
Which of the following is an accurate statement regarding inventory and risk?
◦ Inventory with a high business risk includes products with potential obsolescence.
◦ Auditors often have a greater concern for misstatements when inventory is stored in one warehouse.
◦ Inherent risk is generally set at low for manufacturing companies.
◦ Performance materiality for inventory is determined before assessing client business risk.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by april 19 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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april 19

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Reply 2 on: Aug 21, 2022
Excellent

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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