Which of the following is true about the auditors' observation of the client's physical inventory?
A)The auditors should plan the physical inventory.
B)The auditors should segregate damaged and obsolete goods.
C)The auditors should evaluate the condition of the inventory.
D)The auditors should supervise the client's personnel.

Question

Quizplus · Accepted Answer

The auditors should evaluate the condition of the inventory to ensure it is accurately reflected in the financial statements. They do not plan the inventory, segregate goods, or supervise the client's personnel.

Which of the Following Is True About the Auditors' Observation