Inquiries of warehouse personnel concerning possible obsolete or slow moving inventory items provide
assurance about the ASB balance assertion of:
completeness.
existence.
presentation.
✓ valuation.
rights and obligations.
References
Multiple Choice Difficulty: 2 Medium
MC Qu. 1-47 Learning Objective: Inquiries of
01-03 Describe and warehouse
define the
personnel... assertions that
management makes
about the
recognition,
measurement,
presentation, and
disclosure of the
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