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To test the completeness assertion of an audit client on its inventory balance, the auditor should select items for test counts while observing a client's
To test the completeness assertion of an audit client on its inventory balance, the auditor
should select items for test counts while observing a client's physical count and:
a. Trace back the client's inventory listing/summary to the items selected by the auditor for
test count.
b. Test items test counted whether they were valued at lower of cost or net realizable
value.
c. Trace test counts to the client's inventory listing/summary.
d. None of these.
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