[Biff-1955-Tannen]

Given how this question is worded and that the answer is C, wouldn’t the auditor be “vouching” and not “tracing”? I only ask because the word “trace” through me off and had me answer A.

To gain assurance that all inventory items in a client’s

inventory listing schedule are valid, an auditor most likely

would trace

a. Inventory tags noted during the auditor’s observation

to items listed in the inventory listing schedule.

b. Inventory tags noted during the auditor’s observation to

items listed in receiving reports and vendors’ invoices.

c. Items listed in the inventory listing schedule to inventory

tags and the auditor’s recorded count sheets.

d. Items listed in receiving reports and vendors’ invoices

to the inventory listing schedule.

AUD 93 Jan 16
BEC 83 Feb 16
FAR 83 Apr 16
REG 84 May 16

99% Ninja MCQ only