Solution-Predominantly substantive approach

Predominantly substantive approach

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Reference no: EM131015263

Which of the following audit strategies would be most appropriate when an auditor has assessed a predominantly substantive approach is necessary to determine inventory quantity?

A:inventory quantities determined by physical count at or within a few days of balance date.

B:inventory quantities determined by physical count near balance date, adjusted by reference to perpetual records.

C:inventory quantities determined by reference to perpetual records, without a physical count at or near balance date.

D:none of the above.

Reference no: EM131015263

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Predominantly substantive approach

Reference no: EM131015263

Reference no: EM131015263

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