options are

• control
• effectiveness
• immateriality
• insignificance
• obsolescence
• audits
• confirmations
• confusion
• fraud
• governance
• After
• Before
• Despite
• Instead of
• While
• budget
• internal controls
• projection
• records
• sample size
• creation
• effectiveness
• idea
• intent
• need

1. Inventories with a high risk of may be warranted as a signficant risk. 2. Purchasing and cash disbursements can provide opportunity for by employees. considering information about the client and its environment, the auditors must assess the 3. risks of material misstatement related to assertions about inventory. 4. Audit procedures for consignment inventory could include a comparison of the physical inventory with the client's 5. Tests used to help identify the of controls help to evaluate the client's internal control structure