An auditor selected items for test counts while observing an entity's physical inventory. The auditor then traced the test counts to the entity's inventory listing. This procedure most likely provided evidence concerning management's assertion of:
A)rights and obligations.
B)completeness.
C)existence.
D)valuation.

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The Answer of An auditor selected items for test counts while observing an entity's physical inventory. The auditor then traced the test counts to the entity's inventory listing. This procedure most likely provided evidence concerning management's assertion of:
A)rights and obligations.
B)completeness.
C)existence.
D)valuation.

An Auditor Selected Items for Test Counts While Observing an Entity's