You Are Gathering Evidence for the Audit Objective That Existing

Multiple Choice

You are gathering evidence for the audit objective that existing inventory items are included in the inventory listing schedule. The audit procedure that would provide you with the best evidence to confirm this objective is

A) trace from inventory tags to the inventory listing schedule and make sure the inventory on the tags is included.
B) trace the inventory totals to the general ledger.
C) perform tests of lower-of-cost-or-market.
D) account for unused tags shown in the auditor's documentation to make sure no tags have been added.