46 An auditor is tasked with testing internal control over the receipt of inventory into the main warehouse or a client who is a wholesale beverage distributer. One of the internal controls established by the client is to have the employee receiving the items from the vendor shipment sign an inventory receiving report The auditor selects 40 out of 3.500 inwentary receiving reports to test this internal control. The auditor notes that the signature is missing from 38 reports. The client has no compensating controls related to the inventory receiving function How should the audihor respond to this situation? Increase the substantive testing of inventory transactions Proceed with the planned audit strategy developed at the start of the audit o Issue an adverse opinion regarding the financial statements as a whole Test another sample of 40 new inventory receiving reports