The Audit Strategy That Would Be Most Appropriate When an Auditor

Multiple Choice

The audit strategy that would be most appropriate when an auditor has assessed a predominantly substantive approach is necessary to determine inventory quantity is:

A) inventory quantities determined by physical count at or within a few days of balance date.
B) inventory quantities determined by physical count near balance date, adjusted by reference to perpetual records.
C) inventory quantities determined by reference to perpetual records, without a physical count at or near balance date.
D) none of the above.