Which of the Following Would the Auditor Most Likely Do

question 69

Multiple Choice

Which of the following would the auditor most likely do when testing the existence assertion for inventory?

• A)Observe the client's count of the annual physical inventory and perform test counts.
• B)Review vendor invoices for the amounts recorded.
• C)Review open purchase orders at year-end.
• D)Trace raw material purchases to invoices and to the general ledger.

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