Observation of inventory does not provide evidence for rights and obligations.
Correct Answer:
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Q5: In making test counts of inventory items,
Q6: The hiring of employees should be done
Q7: Payroll fraud is not a major concern
Q8: A move ticket is a written authorization
Q9: In automated systems, payroll is frequently processed
Q11: When a significant proportion of inventories is
Q12: The personnel services cycle is included in
Q13: It is customary to identify the major
Q14: The auditor need not inquire of management
Q15: When standard costs are used for manufactured
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