• Which one of the following alternatives best describes the reason why, during an audit of inventory, an internal auditor compares the inventory turnover rate of a company with established industry standards?A.In order to assess the performance of the company and to indicate where additional audit work may be needed.
• B.In order to evaluate the accuracy of internal financial reports of the company.
• C.In order to determine whether the company is complying with established procedures regarding inventory levels.
• D.In order to test the company's controls designed to safeguard assets.