ANSWER

Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35303-INTERNATIONAL AUDITING - III e E JAIN 221VMCRO0177 JGi BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35303-INTERNATIONAL AUDITING - III Exam Start Time : 08/12/2024 10:14 AM Duration : 200 Minutes Show Palette 23. One of the management assertions pertaining to inventory is related to existence, which requires procedures that confirm that all inventory exists and is owned by the company. COMPLETE What is the most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location? O A. Observe physical counts of the inventory items. O B. Trace the total on the inventory listing to the general ledger inventory account. O C. Obtain a confirmation from the client indicating inventory ownership. O D. Analytically compare the current year inventory balance to the prior year balance. 2024 @ JGIAnveshana. Design & Develop by JGIAnveshana Type here to search 10:27 08-12-2024