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Why Does the Auditor Recount the Client's Inventory

Question 45

Multiple Choice

Why does the auditor recount the client's inventory?


A) to ensure that none is lost or intentionally omitted (completeness)
B) to obtain proper cutoff information for sales and acquisitions (cutoff)
C) to confirm that inventory as recorded on tags exists (existence)
D) to ensure that inventory is counted accurately (accuracy)

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