An Auditor May Select a Sample of Items from the Inventory

Multiple Choice

An auditor may select a sample of items from the inventory records and inspect them for consistency with the category of the records. The purpose of this test of controls is to ensure that:

A) recorded inventory exists.
B) inventories are physically protected from theft or damage.
C) policies for assessing inventory valuation are appropriate.
D) proper procedures are followed for the process of the physical count.