Multiple Choice
How does the auditor gather evidence during the physical inventory count?
A) The auditor determines that the items on hand that are not owned by the client are counted.
B) The auditor begins the test count process after the client has finished counting the inventory.
C) Management determines if all inventory has been tagged and counted.The auditor asks management if this task has been done.
D) The auditor determines whether the inventory count tags are properly controlled and that all count tags are returned.
Correct Answer:
Verified
Correct Answer:
Verified
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Q58: The inventory process involves the balance sheet
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Q67: In the inventory process,the auditor might perform