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Which audit evidence is going to be most useful to an auditor assigned to audit the valuation assertion of inventory? a. Obtaining a current vendor

Which audit evidence is going to be most useful to an auditor assigned to audit the valuation assertion of inventory?

a.
Obtaining a current vendor price list.

b.
Discussing the supply chain with the purchasing manager.

c.
Observing shipping/receiving personnel receive supplier shipments.

d.
Reperforming the payroll calculation.

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	a.	Obtaining a current vendor price list.
	b.	Discussing the supply chain with the purchasing manager.
	c.	Observing shipping/receiving personnel receive supplier shipments.
	d.	Reperforming the payroll calculation.