Multiple Choice
When auditing inventory cost accounting, the auditor is concerned with all of the following except for
A) net realizable value.
B) unit cost records.
C) physical controls over inventory.
D) documents and records for transferring inventory.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: The inventory and warehousing cycle can be
Q114: In valuing inventory, the auditor must consider
Q115: Physical examination is an essential type of
Q116: Auditor tests of physical controls over raw
Q117: If the auditor concludes that physical controls
Q119: The test of details of balance procedure
Q120: The physical observation of the inventory and
Q121: When performing price tests for purchased inventory,
Q122: In the flow of inventory and costs,
Q123: The inventory and warehousing cycle is unique