1. Which of the following is TRUE about the auditors observation of the client physical inventory?

• The auditors should plan the physical inventory
• The auditors should segregate damaged and obsolete goods
• The auditors should supervise the clients personal
• The auditors should evaluate the adequacy of the clients counting procedures

2. Auditor should perform audit procedures relating to subsequent events.

• Thought year end
• Through the day of auditors report
• Through issuance of the audit report