In testing the existence assertion for an asset, an auditor ordinarily works from the
a.) potentially unrecorded items to the financial statements.
b.) financial statements to the potentially unrecorded items.
c.) supporting documents to the accounting records.
d.) accounting records to the supporting documents.

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.