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  3. 3. what is the most effective way to audit an indu

3. What is the most effective way to audit an industry that changes rapidly? a.Develop...

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Accounting

3. What is the most effective way to audit an industry that changes rapidly?

a.Develop expectations of what amounts should be, given industry data.

b. Make comparisons of current year amount to prior years and develop ratios within industry standards.

c.Expand the sample sizes during the test of details to ensure all obsolete inventory was tested.

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