Which of the Following Procedures Will Usually Be Performed by the Auditor

question 85

Multiple Choice

Which of the following procedures will usually be performed by the auditor to determine if obsolete inventory exists?

• A)Confirmation of inventory with customers.
• B)Footing the inventory subsidiary ledger.
• C)Tracing inventory ordered by the client to receiving reports.
• D)Analysis of inventory turnover and sales reports.

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Definitions:

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