Reviewing data pertaining to inventory quality relates primarily to the:
A) occurrence assertion.
B) completeness assertion.
C) rights and obligations assertion.
D) valuation and allocation

Question

Quizplus · Accepted Answer

Reviewing data pertaining to inventory quality primarily relates to the valuation and allocation assertion, as it involves ensuring that inventory is accurately valued and that any necessary adjustments for obsolescence, damage, or other factors affecting inventory's value are properly recorded.

Reviewing Data Pertaining to Inventory Quality Relates Primarily to The