An auditor selected an inventory item on the warehouse floor, test counted it, and traced the count to the final inventory compilation. The auditor most likely was testing the PCAOB assertion of
A)existence.
B)valuation.
C)completeness.
D)rights and obligations.

Question

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The Answer of An auditor selected an inventory item on the warehouse floor, test counted it, and traced the count to the final inventory compilation. The auditor most likely was testing the PCAOB assertion of
A)existence.
B)valuation.
C)completeness.
D)rights and obligations.

An Auditor Selected an Inventory Item on the Warehouse Floor