Which of the Following Is Not an Item Reviewed by the Auditor

Multiple Choice

Which of the following is not an item reviewed by the auditor to test the client's assertion related to the presentation and disclosure of inventory?

A) The inventory valuation methods used.
B) The amount of obsolete inventory on hand.
C) The existence of contingent losses associated with long-term purchase commitments.
D) The classification of inventory as raw material,work in process or finished goods.