8.When auditing inventory, which of the following procedures would the auditor least likely perform? Please add checkmark next to the correct answer(s).

1 Observe the physical inventory count and make test counts.

2 Verify the clients calculations of the cost of inventory on hand at year-end.

3 Verify that all inventory out on consignment is included in the clients year-end inventory count.

4 Determine whether any inventory has been pledged.

5 Verify that all inventory in on consignment is included in the clients year-end inventory count.