kson CPAs are preparing to begin the audit of Mcilwee Enterprises. During an initial meeting with the client, it was noted that the ent maintains a large amount of inventory on a consignment basis. Based on this information, which of the following is true? The auditors should consider issuing a qualified opinion on the client's inventory accounts due to the difficulty associated with auditing them. The auditors should consider requesting the client perform a formal, manual count of inventory which the auditor can use as evidence. O The auditors should consider obtaining written assurances from senior management attesting to the accuracy and valuation of the inventory. The auditors should consider performing procedures to test the rights and obligation assertion associated with the client's nventory