An auditor will usually trace the details of the test counts of inventory items selected from the factory floor while observing the inventory stocktake through to a final inventory schedule. This audit procedure is undertaken to
Provide evidence of which assertion(s)?
A) Valuation and allocation.
B) Existence.
C) Completeness.
D) Cut-off.

Question

Quizplus · Accepted Answer

The Answer of An auditor will usually trace the details of the test counts of inventory items selected from the factory floor while observing the inventory stocktake through to a final inventory schedule. This audit procedure is undertaken to
Provide evidence of which assertion(s)?
A) Valuation and allocation.
B) Existence.
C) Completeness.
D) Cut-off.

An Auditor Will Usually Trace the Details of the Test