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EXAM REVIEW
NCCCO Examination
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PORTAGE LEARNING
Ihuman Case Study
LETRS
NURS EXAM
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Auditing Practice Questions Test 1 (Chapters 1-4) Test
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Question Number 6
Which of the following management assertions is an auditor most likely testing if the audit objective states that all inventory on hand is reflected in the ending inventory balance?
A) The entity has rights to the inventory
B) Inventory is properly valued
C) Inventory is properly presented in the financial statements
D) Inventory is complete
✔ Correct Answer:
D) Inventory is complete
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