Multiple Choice
The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to:
A) Observe physical counts of the inventory items.
B) Trace the total on the inventory listing to the general ledger inventory account.
C) Obtain a confirmation from the client indicating inventory ownership.
D) Analytically compare the current-year inventory balance to the prior-year balance.
Correct Answer:
Verified
Correct Answer:
Verified
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