In Order for an Auditor to Test Ownership of a Client's

Multiple Choice

In order for an auditor to test ownership of a client's inventories, each of the following substantive tests of details of account balances are appropriate except:

A) review loan agreements for inventory that has been pledged or assigned.
B) review sales agreements for bill-and-hold arrangements.
C) review contracts for inventory held on consignment.
D) review policy for asset impairment write-downs.