Question: An auditoe selected items for test counts from the client's warehouse during the physical inventory observation. The auditor then traced these test counts into the
An auditoe selected items for test counts from the client's warehouse during the physical
inventory observation. The auditor then traced these test counts into the detailed inventory listing
that ultimately agreed to the financial statements. This procedure most likely provided evidence
concerning management's asscrtion of
A completeness.
B valuation.
C presentation and disclosure.
D existence.
E rights and obligations.
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