During the observation of the inventory, the auditor has no responsibility to:
A) observe the taking of the inventory by client personnel.
B) make some test counts of inventory quantities.
C) supervise the taking of the inventory.
D) make inquiries of the client concerning the inventories.
E) watch for damaged and obsolete inventory items.

Question

Quizplus · Accepted Answer

The auditor's responsibility is to observe the inventory process and perform test counts, but not to supervise the taking of the inventory, which remains the responsibility of the client's personnel.

During the Observation of the Inventory, the Auditor Has No