The Auditor Performs the Following Procedures in Preparation for Attending

Multiple Choice

The auditor performs the following procedures in preparation for attending the physical inventory counting

A) identify the locations of the inventory and amounts of inventory at each location.
B) evaluate whether the audit opinion should be modified.
C) use alternative audit procedures to obtain sufficient appropriate evidence regarding the existence and condition of the inventory.
D) determine that inventory items on hand that are not owned by the client are identified.
E) review the client's plans for taking inventory,including the process to count,control inventory tags or count sheets,the procedures for identifying obsolete items during the count,procedures for controlling the movement of inventory during the count,and the procedures for controlling shipping and receiving during the count.
F) both A and E
G) both B and C
H) both D and E