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How does an auditor test the quantity

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Question 1: How does an auditor test the quantity? Please explain two directions of inventory test counts performed in a physical inventory observation, including which assertions they help to achieve/prove.

Question 2: How does an auditor test the price, what type of supporting documentation would an auditor request from a client to be able to perform such tests?

Question 3: What other audit procedures besides price and quantity testing would help in testing for a valuation assertion?

Question 4: Would any other Information be helpful in aiding the auditor during the audit of inventory?

Reference no: EM132574386

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