If the auditor was testing inventory pricing the audit objective being fulfilled would be:
A) completeness.
B) rights and obligations.
C) existence.
D) valuation and allocation.

Name: If the auditor was testing inventory pricing the audit objective being fulfilled would be: A) completeness. B) rights and obligations. C) existence. D) valuation and allocation.
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Question

Quizplus · Accepted Answer

Testing inventory pricing is related to ensuring that inventory is valued correctly, which pertains to the valuation and allocation objective.

If the Auditor Was Testing Inventory Pricing the Audit Objective