Which of the following is true about the auditors' observation of the client's physical inventory?

Question

Quizplus · Accepted Answer

The auditors' observation of the client's physical inventory should include evaluating the adequacy of the client's counting procedures to ensure that the inventory is accurately counted and recorded. Planning the physical inventory, segregating damaged and obsolete goods, and supervising the client's personnel would not typically be the responsibility of the auditors during the observation process.

Which of the Following Is True About the Auditors' Observation