A portion of a clients inventory is in public warehouses. Evidence of the existence of this merchandise

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A portion of a client’s inventory is in public warehouses. Evidence of the existence of this merchandise can most efficiently be acquired through which of the following methods?

a. Observation.

b. Confirmation.

c. Calculation.

d. Inspection.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

Question Posted: Oct 27, 2014 05:45 AM

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A portion of a clients inventory is in public warehouses. Evidence of the existence of this merchandise

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a Incorrect The inventory may be observed but to do this the auditor m...View the full answer

Auditing and Assurance Services

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