At the conclusion of an audit, an auditor is reviewing the evidence gather in support of the financial statements. with regard to the valuation of inventory, the auditor concludes that the evidence obtained is not sufficient to support management's representations. which of the following actions is the auditor most likely to take?

a. consult with the audit committee and issue a disclaimer of opinion
b. consult with the audit committee and issue a qualified opinion
c. obtain additional evidence regarding the valuation of inventory
d. obtain a statement from management supporting their inventory valuation .

Ans: c. obtain additional evidence regarding the valuation of inventory

Business

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Increasing the size of the samples in a study to estimate the difference between two population means will increase the level of confidence that a decision maker can have regarding the interval estimate

Indicate whether the statement is true or false

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