During the observation of the inventory count, the auditor has no responsibility to:
A) watch for damaged and obsolete inventory items.
B) make some test counts of inventory quantities.
C) supervise the taking of the inventory.
D) the auditor has responsibility for all of the above

Question

Quizplus · Accepted Answer

The auditor's responsibility during an inventory count is to observe and perform test counts to verify the client's inventory quantities and condition, but not to supervise the taking of the inventory. Supervision of inventory counting is the responsibility of the client's management.

During the Observation of the Inventory Count, the Auditor Has