Question: When auditing merchandise inventory at year-end, the auditor performs audit procedures to obtain evidence that no goods held on consignment are included in the client's

When auditing merchandise inventory at year-end, the auditor performs audit procedures

When auditing merchandise inventory at year-end, the auditor performs audit procedures to obtain evidence that no goods held on consignment are included in the client's ending inventory balance. This audit procedure provides assurance about which management assertion? a. Completeness. b. Existence. C. Valuation and allocation. d. Rights and obligations. e. Occurrence

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