Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 3

Which of the following would most likely be an internal control activity designed to detect errors and fraud concerning the custody of inventory?
A) Periodic reconciliation of work in process with job cost sheets.
B) Segregation of functions between general accounting and cost accounting.
C) Independent comparisons of finished goods records with counts of goods on hand.
D) Approval of inventory journal entries by the storekeeper.