1. An Auditors observation procedures for inventory may be performed during or after the end of the period under audit which of the following conditions?
a. when the client maintains periodic inventory records
b. when the auditor finds minimal variations and client records and test count in Prior periods
c. when total inventory has not varied more than 5% in the last five years
d. when well-kept Perpetual inventory records are checked by the client periodically by comparisons with physical counts

2. Auditors record the last bill of lading used at the time of the inventory count to
a. search for unrecorded sales
b. test cutoff
c. verify ownership
d. all of the choices