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Problem 1: Which of the following audit procedures would provide the least reliable evidence that the client has legal title to inventories?
a) Examination of paid vendors' invoices.
b) Analytical procedures comparing inventory balances to purchasing and sales activities.
c) Enquiry of management
d) Observation of physical inventory counts.
e) Confirmation of inventories at locations outside the client's facilities.
as of december 31 2014 walking tall industries had 3500 of raw materials inventory. at the beginning of 2014 there was
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Comment on the manager's contention.
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