Which of the Following Is Not a Standard Procedure That

question 33

Multiple Choice

Which of the following is not a standard procedure that the auditor normally should follow in the observation of inventory at year-end?

• A)Observe the client taking inventory.
• B)Make selected test counts and trace into client's inventory compilation.
• C)Look for slow-moving,obsolete or damaged inventory.
• D)Review disclosure of inventory valuation.
• E)All of the above are standard audit procedures in the observation of inventory.