Confirmation of inventories in public warehouses cannot provide evidence concerning the
A) existence assertion.
B) completeness assertion.
C) accuracy, valuation and allocation assertion.
D) it cannot provide evidence concerning any of the listed assertions.

Question

Quizplus · Accepted Answer

Confirmation of inventories in public warehouses can provide evidence of the existence and completeness assertions, but it cannot provide evidence concerning the accuracy, valuation, and allocation assertion.

Confirmation of Inventories in Public Warehouses Cannot Provide Evidence Concerning