A useful starting point for becoming familiar with the client's inventory is for the auditor to
A)obtain and review industry ratios.
B)review accounting theory covering special problems,such as gas and oil accounting,or lease-purchase agreements.
C)read the client's Accounting Manual.
D)tour the client's facility.

Question

Quizplus · Accepted Answer

Touring the client's facility allows the auditor to observe the inventory firsthand, understand the processes involved, and identify potential areas of risk or concern.

A Useful Starting Point for Becoming Familiar with the Client's