Observation of a client's inventory is a presumptively mandatory audit procedure.
a.What part should the auditors play in planning the physical inventory?
b.Describe the procedures performed by the auditors during their observation of a client's physical inventory.
c.Why do the auditors document their inventory test counts in their working papers?

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The Answer of Observation of a client's inventory is a presumptively mandatory audit procedure.
a.What part should the auditors play in planning the physical inventory?
b.Describe the procedures performed by the auditors during their observation of a client's physical inventory.
c.Why do the auditors document their inventory test counts in their working papers?

Observation of a Client's Inventory Is a Presumptively Mandatory Audit