Multiple Choice
An auditor, having accounted for a sequence of inventory tags, traces information on a representative number of tags to the physical inventory sheets.The purpose of this procedure is to obtain assurance that:
A) inventory sheets do not include untagged inventory items.
B) the final inventory is valued at cost.
C) the inventory listed on the inventory sheets is complete.
D) all inventory represented by an inventory tag is bona fide.
Correct Answer:
Verified
Correct Answer:
Verified
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Q32: Which of the following auditing procedures most
Q33: Which of the following is not a
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