An auditor most likely would analyze inventory turnover rates to obtain evidence concerning management's balance assertions about

Question

Quizplus · Accepted Answer

Inventory turnover rates would provide evidence for management's balance assertions about accuracy and valuation. This ratio indicates how efficiently a company is managing its inventory and can provide insight into the accuracy of the inventory valuation reported in the financial statements.

An Auditor Most Likely Would Analyze Inventory Turnover Rates to Obtain