Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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What are the risk controls related to inventory?
  1. Perform physical inspections
  2. Crosscheck every piece of inventory
  3. Rely on information provided by inventory control specialists
  4. All of the above
Explanation
Answer: D - The risk controls related to inventory are performing physical inspections of the warehouse, crosschecking every piece of inventory against relevant and accurate financial information, and relying on the inventory information provided by inventory control specialists.
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