Multiple Choice
An auditor would be most likely to learn of slow-moving inventory through:
A) review of the cash payments journal.
B) inquiry of sales personnel.
C) review of perpetual inventory records.
D) physical observation of inventory.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: An aged trial balance of accounts receivable
Q20: Substantive testing is typically used to audit
Q43: An auditor reviews the credit ratings of
Q45: To determine whether accounts payable are complete,
Q75: During the current financial year, the client
Q76: Tests designed to detect purchases made just
Q78: When a client company does not maintain
Q79: The negative form of accounts receivable confirmation
Q80: While undertaking the audit of the debtors'
Q82: An auditor analyses repairs and maintenance accounts