Which of the following audit strategies would be most appropriate when an audito

Question

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?
      
Ainventory quantities determined by physical count at or within a few days of balance date.
      
Binventory quantities determined by physical count near balance date, adjusted by reference to perpetual records.
      
Cinventory quantities determined by reference to perpetual records, without a physical count at or near balance date.
      
Dnone of the above.

Explanation / Answer

Answer is Ainventory quantities determined by physical count at or within a few days of balance date.

one of the predominantly substantive approach in Inventory Audit strategy is Determine inventory quantities by a physical count at or within a few days of reporting date.

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