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Auditing Standards Require That Auditors Satisfy Themselves About the Effectiveness

Question 111

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Auditing standards require that auditors satisfy themselves about the effectiveness of the client's methods of counting inventory and the reliance they can place on the client's representations about the quantities and physical condition of the inventories. To meet this requirement, auditors must perform four activities. List them below.

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• be present at the time the client coun...

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