14. An auditor generally obtains from a client a formal written statement concerning the accuracy of the inventory. This particular letter of representation is used by the auditor to a. Reduce the scope of the auditor's physical inventory work but not the other inventory audit work that is normally performed b. Conrm in writing the valuation basis used by the client to value the inventory at the lower of cost or market c. Lessen the auditor's responsibility for the fair presentation of balance sheet inventories d. Remind management that the primary responsibility for the overall fairness of the nancial statements rests with management and not with the auditor