You have been assigned to perform audit procedures on a Company's inventory balances. The procedures...
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Accounting
You have been assigned to perform audit procedures on a Company's inventory balances. The procedures you performed included attending the Company's physical inventory count procedures to count the inventory quantities at the end of the reporting period. This audit procedure would be considered which of the following:
Reperformance
External confirmation
Recalculation
Observation
Inquiry
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