Multiple Choice
An auditor selected an inventory item on the warehouse floor,test counted it,and traced the count to the final inventory compilation.The auditor most likely was testing the PCAOB assertion of
A) Existence.
B) Valuation.
C) Completeness.
D) Rights and obligations.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Which of the following internal control activities
Q33: Which of the following is an internal
Q41: If control risk is assessed high,cost accumulations
Q42: Production reports of finished units should be
Q43: With a sample of open and closed
Q45: Inventory count tags are controlled<br>A)To prevent counting
Q46: Maple Company has an increase in purchases
Q48: Inventory that is not used to produce
Q49: The audit procedures used in an observation
Q56: Your client counts inventory three months before