Solved

Which of the Following Inventory Frauds Is Not Identified by Practice

Question 109

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions