CAS for Audit Procedures for Inventory Indicate That the Auditor

Multiple Choice

CAS for audit procedures for inventory indicate that the auditor

A) must count the inventory.
B) must be present at the inventory count and must receive adequate documentation from the client regarding the effectiveness of inventory-taking.
C) must be present at the inventory count and evaluate the methods followed in the determination of quantities and values.
D) need not be present at the count but must review the methods followed in the determination of quantities and values.