Which of the Following Is Not a Standard Procedure That

question 3

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.

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