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Author Question: Which of the following statements is correct regarding the auditor's responsibility with respect to ... (Read 84 times)

stananza

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on: Aug 21, 2022
Which of the following statements is correct regarding the auditor's responsibility with respect to the year-end inventory procedures of an audit client?
◦
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
YesNoNo

◦
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
NoNoYes

◦
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
YesNoYes

◦
The auditor is responsible for setting up the procedures for taking an accurate physical inventory.The auditor is responsible for taking and compiling the inventory. 
​		The auditor is responsible for observing the physical counting of inventory.
​
NoYesNo
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by stananza on Aug 21, 2022

Kevin5!

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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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stananza

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

abro1885

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

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