In Rare Cases, the Auditor May Believe It Is Necessary

Multiple Choice

In rare cases, the auditor may believe it is necessary that a complete physical inventory of fixed assets be taken to make sure they actually exist. If an inventory is taken, the auditor normally:

A) requires that it be done by an outside, independent third party.
B) takes the inventory.
C) requires client to take the inventory and provide documentation to the auditor.
D) observes the count.