The Auditor's Strategy in Performing Test Counts During the Inventory

Multiple Choice

The auditor's strategy in performing test counts during the inventory observation is to:

A) concentrate tests on high dollar items and take a representative sample of other items.
B) test all high dollar items.
C) randomly select all test items.
D) concentrate tests in areas where employees seem to be disregarding the inventory instructions.
E) sequentially select all test items.