Confirmation of inventoriin public warehouscannot provide evidence concerning the:
A) existence assertion.
B) completeness assertion.
C) valuation and allocation assertion.
D) it cannot provide evidence concerning any of the listed assertions

Question

Quizplus · Accepted Answer

Confirmation of inventory in a public warehouse can provide evidence regarding the existence and completeness of inventory, but it cannot provide evidence regarding the valuation and allocation assertion.

Confirmation of Inventoriin Public Warehouscannot Provide Evidence Concerning The