Auditing an attestation client's inventory accounts can vary widely in complexity and time required because of which of the following factors? (Select all that apply.) O The level of access the client is willing to provide to physical inventory and the inventory accounts. O What type of inventory the client holds, and the quantities the client holds the inventory in. O Whether the client is a manufacturing entity, a merchandising entity, or a service firm. O Whether the audit is for a publicly or privately traded firm, as generally accepted auditing standards onlyrequire inventory audits for publicly-traded firms.

Auditing an attestation client's inventory accounts can vary widely in complexity and time required because of which of the following factors? (Select all that apply.) O The level of access the client is willing to provide to physical inventory and the inventory accounts. O What type of inventory the client holds, and the quantities the client holds the inventory in. O Whether the client is a manufacturing entity, a merchandising entity, or a service firm. O Whether the audit is for a publicly or privately traded firm, as generally accepted auditing standards onlyrequire inventory audits for publicly-traded firms.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 32CYBK

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