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

Question

Quizplus · Accepted Answer

Reviewing data pertaining to inventory quality primarily relates to the valuation or allocation assertion, as it involves ensuring that inventory is accurately valued and any necessary adjustments for obsolete or damaged goods have been made.

Reviewing Data Pertaining to Inventory Quality Relates Primarily to The