An auditor has accounted for a sequence of inventory tags and is now going to trace information on a representative number of tags to the physical inventory sheets. The purpose of this procedure is to obtain assurance that:

Question

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The purpose of tracing information on a representative number of tags to the physical inventory sheets is to confirm that all inventory represented by the inventory tags is listed on the inventory sheets. This helps to ensure completeness in the inventory count. The other options are not directly related to this auditing procedure.

An Auditor Has Accounted for a Sequence of Inventory Tags