Multiple Choice
Which of the following inventory frauds is not identified by Practice Alert No. 94-2: Auditing Inventories-Physical Observations?
A) double-counting inventory
B) counting obsolete inventory as salable
C) including inventory for which the corresponding payable has not been recorded
D) employee theft of inventory item having high sales volume
Correct Answer:

Verified
Correct Answer:
Verified
Q104: _ data marks the end of the
Q105: _ is a costing approach where detailed
Q106: In the pull approach to manufacturing, the
Q107: A bill of material contains the standard
Q108: Supply chain management software provides _ to
Q110: This shows when a manufacturing order or
Q111: Available to promise planning is the accumulation
Q112: An automated storage and retrieval system (AS/RS)
Q113: A(n) _ is a group of similar
Q114: Manufacturing resource planning (MRP) is an integrated