Which of the following best describes the reason that the auditors record their inventory test counts in the working papers?
A)To document every test count.
B)For subsequent comparison with the completed inventory listing.
C)To document compliance with generally accepted accounting principles.
D)For use in subsequent audits.

Question

Quizplus · Accepted Answer

The auditors record their inventory test counts in the working papers for subsequent comparison with the completed inventory listing, ensuring the accuracy of the inventory records. This allows the auditors to ensure that the inventory recorded in the financial statements is complete and accurate, thus aiding in the overall audit process.

Which of the Following Best Describes the Reason That the Auditors