The most reliable procedure for an auditor to use to test the existence of a client's inventory at an outside location would be to: Observe physical counts of the inventory items.
<h3>
Which of the following audit procedures is best to perform to determine that company legally owns inventories?</h3>
To best ascertain that a company has properly included merchandise that it owns in its ending inventory, the auditors should review and test the: Purchase cutoff procedures. Purchase cutoff procedures should be designed to test whether all inventory Owned by the company was recorded.
Observe merchandise and raw materials during the client's physical inventory taking.
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Answer:
For detailed tables of balance sheet refer to the attached files
Explanation:
The producers create and market products to consumers, so the answer is producers
Answer:
Tyler pays its employees $400 for work done.
Explanation:
An accounting transaction is <u>a financial event that has occurred already</u> and can be recorded in an organization's financial statement.
In this case,<em> the statement "Tyler pays its employees $400 for work done" is an example of a financial transaction because it has already occurred.</em>