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The auditor observes the auditee taking a physical inventory count. In addition, a letter is received from a public storage facility stating the amounts of
The auditor observes the auditee taking a physical inventory count. In addition, a letter is received from a public storage facility stating the amounts of the auditee's inventory stored in it. The company uses a weighted average cost flow assumption, which is tested by the auditor's computer software program Which of the following is the best description of the type of audit evidence being used in this situation? O Computational and verbal O Documentary and physical O Confirmation, verbal and computational Documentary, computational and physical Physical confirmation and computational Physical, verbal and computational e Textbook and Media Your answer is incorrect. Using audit software, an auditor selects vendors' accounts payable with debit balances from the client's computer and compares these amounts and their calculation with cash disbursements and vendor credit memos. O Documentary, computational Physical confirmation, computational Computational, documentary, electronic Electronic, Inspection, confirmation Documentary, Inspection, sufficient O Reliable, computational external
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