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

Exercise 12

Which of the following internal control activities is most likely to address the completeness assertion for inventory?
A) The work-in-process account is periodically reconciled with subsidiary records.
B) Employees responsible for custody of finished goods do not perform the receiving function.
C) Receiving reports are prenumbered and periodically reconciled.
D) There is a separation of duties between payroll department and inventory accounting personnel.