Your Client Plans to Count Inventory at Several Locations on the Same

question 73

Multiple Choice

Your client plans to count inventory at several locations on the same day. No location is material in amount, but the total of inventory is quite material. How is an auditor likely to plan to observe?

• A)Observe all counts at all locations by using the required number of auditors.
• B)Insist the inventory be counted on separate days so the auditor can be present at all locations.
• C)Work with the client to determine which locations to observe.
• D)Observe a sample of locations on a surprise basis.

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