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State what is meant by cost accounting records

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Reference no: EM132464831

Answer the following questions:

Question 1: List the major analytical procedures for testing the overall reasonableness of inventory. For each test, explain the type of misstatement that could be identified.

Question 2: What major audit procedures are involved in testing for the ownership of inventory during the observation of the physical counts and as a part of subsequent valuation tests?

Question 3: State what is meant by cost accounting records and explain their importance in the conduct of an audit

Reference no: EM132464831

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State what is meant by cost accounting records : List the major analytical procedures for testing the overall reasonableness of inventory. For each test, explain the type of misstatement
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