An auditor most likely would make inquiries of production and sales personnel concerning possible obsolete or slow-moving inventory to support management's account balance assertion of:
A) valuation and allocation.
B) rights and obligations.
C) existence.
D) completeness.

Question

Quizplus · Accepted Answer

Inquiries of production and sales personnel concerning possible obsolete or slow-moving inventory would support management's account balance assertion of valuation and allocation, which relates to whether inventory is recorded at the appropriate amount and is allocated properly between different categories of inventory.

An Auditor Most Likely Would Make Inquiries of Production and Sales