To Gain Assurance That All Inventory Items in an Entity's

question 2

Multiple Choice

To gain assurance that all inventory items in an entity's inventory listing schedule are valid, an auditor most likely would trace

• A) Inventory tags noted during the auditor's observation to items listed in the inventory listing schedule.
• B) Inventory tags noted during the auditor's observation to items listed in receiving reports and vendors' invoices.
• C) Items listed in the inventory listing schedule to inventory tags and the count sheets.
• D) Items listed in receiving reports and vendors' invoices to the inventory listing schedule.