The below was from a multiple choice:
1) Tracing Inventory tags to the Listing of inventory = Existence
The below is from the Becker book:
2) "The auditor should test the existence of the items on the client's inventory listing/report sheets by vouching a sample of items from the inventory listing/report sheet to the corresponding inventory tags"
To me statements 1) & 2) above are opposing each other. Can someone explain which is correct for the existence assertion PLEASE???