Which of these scenarios would cause the auditor to initiate special planning procedures?
A)The client's inventory contains very specialized, hard to value items.
B)Not all assets belonging to the company have been properly asset tagged.
C)Management are forthright in their dealings with the auditors.
D)The client recently repurchased outstanding stock.

Question

Quizplus · Accepted Answer

The specialized and hard to value items in the client's inventory may require special planning procedures to accurately value them and ensure they are properly accounted for in the financial statements.

Which of These Scenarios Would Cause the Auditor to Initiate