During the Current Financial Year, the Client Company Began Dealing

Multiple Choice

During the current financial year, the client company began dealing with certain distributors on a consignment basis (goods were delivered to the distributor but not deemed sold until the distributor had on-sold them) . Which of the
Following audit procedures is least likely to bring this new fact to the auditor's attention?

A) Test of cash receipts transactions.
B) Tracing of shipping documents to the sales journal.
C) Observation of physical inventory at the client company's premises.
D) Confirmation of accounts receivable.