Question: b Indicate the primary audit objective satisfied by this audit procedure: Obtain a letter from the client stating that all inventory included in the year-

Indicate the primary audit objective satisfied by this audit procedure: Obtain a letter from the client stating that all inventory included in the year- end inventory listing is owned by the company and there is no consigned inventory. O Occurrence Completeness - transactions O Classification - transactions O Timing O Posting and summarization O Existence O Completeness - balances O Classification - balances O Cutoff O Detail tie-in Richts and obligations

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