Question: 24. Which is least likely to be a response when an auditor has obtained evidence indicating a risk of material misstatement in the area of

24. Which is least likely to be a response when an auditor has obtained evidence indicating a risk of material misstatement in the area of inventory?

a. Discuss questions of inventory valuation with any other auditors involved with the audit.

b. Make oral inquiries of major suppliers in addition to written confirmations.

APPENDIX A: AUDITING AND ATTESTATION SAMPLE EXAMINATION 1209

c. Perform inventory observations on an unannounced basis.

d. Request inventory counts at the end of each month.

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