The auditor need not inquire of management as to any goods held on consignment.

Name: The auditor need not inquire of management as to any goods held on consignment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The auditor should inquire of management regarding goods held on consignment to ensure that such goods are not included in the client's inventory count, as they do not belong to the client. This is part of the auditor's responsibility to verify the accuracy and completeness of the inventory records.

The Auditor Need Not Inquire of Management as to Any