Question: An auditor selected items for test counts while observing a clients physical inventory. The auditor then traced the test counts to the clients inventory listing.

An auditor selected items for test counts while observing a client’s physical inventory. The auditor then traced the test counts to the client’s inventory listing. This procedure most likely obtained evidence concerning management’s assertion of

a. Rights.

b. Completeness.

c. Existence.

d. Valuation.

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