An auditor will usually trace the details of the test counts of inventory items selected from the factory floor while observing the inventory stocktake through to a final inventory schedule.This audit procedure is undertaken to provide evidence of which assertion(s)?
A)Valuation and allocation.
B)Existence.
C)Completeness.
D)Cut-off.

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The Answer of An auditor will usually trace the details of the test counts of inventory items selected from the factory floor while observing the inventory stocktake through to a final inventory schedule.This audit procedure is undertaken to provide evidence of which assertion(s)?
A)Valuation and allocation.
B)Existence.
C)Completeness.
D)Cut-off.

An Auditor Will Usually Trace the Details of the Test