An auditor selected items that are on the store floor for test counts while observing a client's physical inventory.The auditor then traced the test counts to the client's inventory listing.This procedure most likely obtained evidence concerning management's assertion of:
A)rights and obligations.
B)completeness.
C)existence.
D)valuation and allocation.

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The Answer of An auditor selected items that are on the store floor for test counts while observing a client's physical inventory.The auditor then traced the test counts to the client's inventory listing.This procedure most likely obtained evidence concerning management's assertion of:
A)rights and obligations.
B)completeness.
C)existence.
D)valuation and allocation.

An Auditor Selected Items That Are on the Store Floor